United Utilities Group PLC (UU) Rating Increased to Buy at Societe Generale
United Utilities Group PLC (LON:UU) was upgraded by research analysts at Societe Generale to a ” buy” rating in a report released on Thursday. The firm presently has a GBX 1,040 ($12.87) price objective on the stock. Societe Generale’s price target suggests a potential upside of 13.66% from the company’s current price.
UU has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,120 ($13.86) price target on shares of United Utilities Group PLC in a research report on Wednesday, September 7th. Deutsche Bank AG boosted their price objective on United Utilities Group PLC from GBX 1,000 ($12.38) to GBX 1,150 ($14.23) and gave the company a “buy” rating in a research note on Tuesday, September 13th. HSBC reiterated a “hold” rating and set a GBX 1,060 ($13.12) price objective on shares of United Utilities Group PLC in a research note on Tuesday, July 5th. Jefferies Group boosted their price objective on United Utilities Group PLC from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the company a “hold” rating in a research note on Thursday, September 22nd. Finally, Credit Suisse Group AG lowered United Utilities Group PLC to a “neutral” rating and boosted their price objective for the company from GBX 970 ($12.00) to GBX 990 ($12.25) in a research note on Thursday, July 21st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 992.75 ($12.29).
Shares of United Utilities Group PLC (LON:UU) opened at 927.50 on Thursday. The firm’s market capitalization is GBX 6.32 billion. The stock’s 50 day moving average price is GBX 977.08 and its 200-day moving average price is GBX 971.53. 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 related news, insider Goligher,Alison bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of GBX 995 ($12.31) per share, for a total transaction of £29,850 ($36,943.07). Also, insider Houlden,Russ bought 37 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average price of GBX 975 ($12.07) per share, with a total value of £360.75 ($446.47).
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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