United Utilities Group PLC’s (UU) “Buy” Rating Reaffirmed at Beaufort Securities
United Utilities Group PLC (LON:UU)‘s stock had its “buy” rating reiterated by analysts at Beaufort Securities in a report issued on Friday.
A number of other research firms have also weighed in on UU. Deutsche Bank AG lowered shares of United Utilities Group PLC to a “hold” rating and lifted their price objective for the company from GBX 1,000 ($13.01) to GBX 1,050 ($13.66) in a research note on Tuesday, May 16th. Royal Bank of Canada lifted their price objective on shares of United Utilities Group PLC from GBX 1,000 ($13.01) to GBX 1,025 ($13.33) and gave the company a “sector performer” rating in a research note on Thursday, May 4th. HSBC Holdings plc lifted their price objective on shares of United Utilities Group PLC from GBX 1,060 ($13.79) to GBX 1,070 ($13.92) and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,000 ($13.01) price objective on shares of United Utilities Group PLC in a research note on Monday, February 6th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 992.27 ($12.91).
United Utilities Group PLC (LON:UU) traded down 1.80% on Friday, reaching GBX 1035.00. The company’s stock had a trading volume of 2,504,328 shares. The firm’s 50-day moving average price is GBX 1,007.89 and its 200-day moving average price is GBX 946.29. The stock’s market cap is GBX 7.06 billion. United Utilities Group PLC has a 52-week low of GBX 853.50 and a 52-week high of GBX 1,078.00.
The business also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 22nd will be given a GBX 25.92 ($0.34) dividend. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a yield of 2.45%.
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In related news, insider Sara Weller bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was bought at an average cost of GBX 973 ($12.66) per share, for a total transaction of £9,730 ($12,657.73). Insiders purchased 1,034 shares of company stock valued at $1,007,296 over the last quarter.
About United Utilities Group PLC
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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