United Utilities Group PLC Downgraded by Credit Suisse to Underperform (UU)
United Utilities Group PLC (LON:UU) was downgraded by stock analysts at Credit Suisse to an “underperform” rating in a report issued on Friday. They currently have a GBX 730 ($12.40) price target on the stock, up from their previous price target of GBX 680 ($11.55). Credit Suisse’s target price suggests a potential downside of 14.72% from the stock’s previous close.
A number of other firms have also recently commented on UU. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of United Utilities Group PLC in a research note on Monday, July 21st. They now have a GBX 980 ($16.64) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of United Utilities Group PLC in a research note on Friday, July 11th. They now have a GBX 870 ($14.77) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of United Utilities Group PLC in a research note on Thursday, July 3rd. They now have a GBX 830 ($14.09) price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 807.13 ($13.71).
Shares of United Utilities Group PLC (LON:UU) traded down 3.82% during mid-day trading on Friday, hitting GBX 856.0001. The stock had a trading volume of 3,303,860 shares. United Utilities Group PLC has a one year low of GBX 641.00 and a one year high of GBX 905.50. The stock has a 50-day moving average of GBX 885.3 and a 200-day moving average of GBX 810.5. The company’s market cap is £7.548 billion.
United Utilities Group PLC is the holding company of a group which owns and operates water and wastewater assets in the North West of England.
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