United Utilities Group PLC (UU) Raised to “Buy” at Societe Generale
United Utilities Group PLC (LON:UU) was upgraded by Societe Generale to a “buy” rating in a research note issued on Thursday. The firm currently has a GBX 1,040 ($12.87) target price on the stock. Societe Generale’s price objective points to a potential upside of 10.58% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada cut shares of United Utilities Group PLC to an “underperform” rating and boosted their price target for the company from GBX 975 ($12.07) to GBX 1,000 ($12.38) in a research report on Wednesday, October 5th. JPMorgan Chase & Co. boosted their price target on shares of United Utilities Group PLC from GBX 1,040 ($12.87) to GBX 1,120 ($13.86) and gave the company an “overweight” rating in a research report on Friday, July 22nd. Beaufort Securities reissued a “buy” rating on shares of United Utilities Group PLC in a research report on Wednesday, September 28th. Credit Suisse Group AG cut shares of United Utilities Group PLC to a “neutral” rating and boosted their price target for the company from GBX 970 ($12.00) to GBX 990 ($12.25) in a research report on Thursday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating on shares of United Utilities Group PLC in a research report on Friday, June 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 992.75 ($12.29).
United Utilities Group PLC (LON:UU) traded up 2.79% on Thursday, reaching GBX 940.50. 2,656,270 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 975.99 and a 200-day moving average of GBX 971.31. The stock’s market cap is GBX 6.41 billion. United Utilities Group PLC has a one year low of GBX 884.00 and a one year high of GBX 1,065.55.
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In other news, insider Houlden,Russ acquired 37 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average cost of GBX 975 ($12.07) per share, with a total value of £360.75 ($446.47). Also, insider Goligher,Alison acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of GBX 995 ($12.31) per share, with a total value of £29,850 ($36,943.07).
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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