United Utilities Group PLC (UU) Stock Rating Upgraded by Investec
United Utilities Group PLC (LON:UU) was upgraded by stock analysts at Investec to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a GBX 870 ($10.60) target price on the stock. Investec’s target price would suggest a potential downside of 8.42% from the stock’s current price.
Other research analysts have also issued research reports about the company. Societe Generale raised United Utilities Group PLC to a “buy” rating in a report on Wednesday. Jefferies Group lifted their price target on United Utilities Group PLC from GBX 890 ($10.85) to GBX 940 ($11.46) and gave the company a “hold” rating in a research note on Thursday, September 22nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,120 ($13.65) price target on shares of United Utilities Group PLC in a research note on Wednesday, September 7th. HSBC restated a “hold” rating and issued a GBX 1,060 ($12.92) price target on shares of United Utilities Group PLC in a research note on Tuesday, July 5th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a GBX 990 ($12.07) price target on shares of United Utilities Group PLC in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 992.75 ($12.10).
Shares of United Utilities Group PLC (LON:UU) opened at 949.2237 on Wednesday. The firm has a 50 day moving average price of GBX 973.32 and a 200-day moving average price of GBX 972.07. The firm’s market capitalization is GBX 6.47 billion. 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 news, insider Houlden,Russ purchased 37 shares of the company’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of GBX 975 ($11.88) per share, for a total transaction of £360.75 ($439.67). Also, insider Goligher,Alison purchased 3,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of GBX 995 ($12.13) per share, with a total value of £29,850 ($36,380.26).
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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