Royal Bank Of Canada Lowers United Utilities Group PLC (UU) to Underperform
United Utilities Group PLC (LON:UU) was downgraded by research analysts at Royal Bank Of Canada to an “underperform” rating in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,000 ($13.05) price objective on the stock, up from their previous price objective of GBX 975 ($12.73). Royal Bank Of Canada’s target price indicates a potential upside of 8.70% from the stock’s current price.
A number of other equities analysts have also recently commented on UU. JPMorgan Chase & Co. raised their price target on United Utilities Group PLC from GBX 1,020 ($13.31) to GBX 1,040 ($13.58) and gave the company an “overweight” rating in a report on Monday, June 13th. Jefferies Group raised their price target on United Utilities Group PLC from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the company a “hold” rating in a report on Thursday, September 22nd. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,000 ($13.05) price target on shares of United Utilities Group PLC in a report on Wednesday, September 7th. HSBC reissued a “hold” rating and set a GBX 1,060 ($13.84) price target on shares of United Utilities Group PLC in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a GBX 990 ($12.92) price target on shares of United Utilities Group PLC in a report on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. United Utilities Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 992.75 ($12.96).
Shares of United Utilities Group PLC (LON:UU) traded down 1.08% during trading on Wednesday, hitting GBX 920.00. The stock had a trading volume of 3,383,275 shares. The company’s market capitalization is GBX 6.27 billion. The firm has a 50-day moving average price of GBX 982.82 and a 200 day moving average price of GBX 971.21. United Utilities Group PLC has a 52 week low of GBX 884.00 and a 52 week high of GBX 1,065.55.
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In other United Utilities Group PLC news, insider Goligher,Alison acquired 3,000 shares of United Utilities Group PLC stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of GBX 995 ($12.99) per share, with a total value of £29,850 ($38,963.58). Also, insider Houlden,Russ acquired 37 shares of United Utilities Group PLC stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average cost of GBX 975 ($12.73) per share, with a total value of £360.75 ($470.89).
About United Utilities Group PLC
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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