United Utilities Group PLC (UU) Given Consensus Recommendation of “Buy” by Analysts
Shares of United Utilities Group PLC (LON:UU) have earned an average rating of “Buy” from the thirteen brokerages that are covering the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 987.50 ($12.75).
UU has been the subject of a number of research reports. HSBC Holdings plc increased their target price on shares of United Utilities Group PLC from GBX 1,060 ($13.68) to GBX 1,070 ($13.81) and gave the stock a “buy” rating in a report on Wednesday, April 26th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 1,000 ($12.91) price objective on shares of United Utilities Group PLC in a research note on Wednesday, January 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,000 ($12.91) price objective on shares of United Utilities Group PLC in a research note on Friday, February 10th. Macquarie lowered their price objective on United Utilities Group PLC from GBX 1,100 ($14.20) to GBX 1,000 ($12.91) and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Finally, Royal Bank of Canada upped their price objective on United Utilities Group PLC from GBX 1,000 ($12.91) to GBX 1,025 ($13.23) and gave the company a “sector performer” rating in a research note on Thursday, May 4th.
In other news, insider Sara Weller acquired 1,000 shares of the stock in a transaction dated Tuesday, February 28th. The stock was bought at an average price of GBX 973 ($12.56) per share, with a total value of £9,730 ($12,559.70). Insiders bought 1,034 shares of company stock valued at $1,007,296 in the last ninety days.
United Utilities Group PLC (LON:UU) traded up 1.67% during midday trading on Friday, reaching GBX 1032.00. 2,317,637 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 999.24 and a 200 day moving average of GBX 941.41. United Utilities Group PLC has a 52-week low of GBX 853.50 and a 52-week high of GBX 1,065.55. The company’s market cap is GBX 7.04 billion.
United Utilities Group PLC Company Profile
United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.
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