Jefferies Group Raises United Utilities Group PLC (UU) Price Target to GBX 940
United Utilities Group PLC (LON:UU) had its target price raised by stock analysts at Jefferies Group from GBX 890 ($11.62) to GBX 940 ($12.27) in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential downside of 4.67% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on United Utilities Group PLC from GBX 1,040 ($13.58) to GBX 1,120 ($14.62) and gave the stock an “overweight” rating in a research report on Friday, July 22nd. Credit Suisse Group AG cut United Utilities Group PLC to a “neutral” rating and boosted their price target for the stock from GBX 970 ($12.66) to GBX 990 ($12.92) in a research report on Thursday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of United Utilities Group PLC in a research report on Friday, June 24th. HSBC reaffirmed a “hold” rating and issued a GBX 1,060 ($13.84) price target on shares of United Utilities Group PLC in a research report on Tuesday, July 5th. Finally, Societe Generale reaffirmed a “hold” rating and issued a GBX 930 ($12.14) price target on shares of United Utilities Group PLC in a research report on Friday, May 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 984.31 ($12.85).
United Utilities Group PLC (LON:UU) opened at 995.50 on Thursday. The firm’s 50-day moving average price is GBX 986.44 and its 200-day moving average price is GBX 965.38. United Utilities Group PLC has a 12-month low of GBX 877.00 and a 12-month high of GBX 1,065.55. The company’s market cap is GBX 6.79 billion.
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In other United Utilities Group PLC news, insider Houlden,Russ bought 37 shares of United Utilities Group PLC stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost of GBX 975 ($12.73) per share, with a total value of £360.75 ($470.89). Also, insider Goligher,Alison bought 3,000 shares of United Utilities Group PLC stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of GBX 995 ($12.99) per share, for a total transaction of £29,850 ($38,963.58).
United Utilities Group PLC Company Profile
United Utilities Group PLC provides water and sewage services. The Company through its subsidiary, United Utilities Water Limited, manages the regulated water and wastewater network in the North West of England, providing services to approximately seven million people and businesses. The Company manages around 120,000 kilometers of water pipes and sewers.
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