United Utilities Group PLC (UU) Price Target Cut to GBX 1,000
United Utilities Group PLC (LON:UU) had its price objective cut by analysts at HSBC Holdings plc from GBX 1,070 ($13.97) to GBX 1,000 ($13.06) in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. HSBC Holdings plc’s price objective would suggest a potential upside of 12.17% from the company’s previous close.
UU has been the topic of a number of other reports. Credit Suisse Group AG cut shares of United Utilities Group PLC to an “underperform” rating and cut their price objective for the company from GBX 1,000 ($13.06) to GBX 850 ($11.10) in a research note on Friday, June 30th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,000 ($13.06) price objective on shares of United Utilities Group PLC in a research note on Friday, May 5th. Royal Bank Of Canada lifted their price objective on shares of United Utilities Group PLC from GBX 1,000 ($13.06) to GBX 1,025 ($13.38) and gave the company a “sector performer” rating in a research note on Thursday, May 4th. Morgan Stanley cut their price objective on shares of United Utilities Group PLC from GBX 890 ($11.62) to GBX 850 ($11.10) and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Barclays PLC lifted their price objective on shares of United Utilities Group PLC from GBX 960 ($12.54) to GBX 1,010 ($13.19) and gave the company an “equal weight” rating in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 977.73 ($12.77).
Shares of United Utilities Group PLC (LON UU) traded down 0.72% during trading on Friday, hitting GBX 891.50. 1,587,854 shares of the stock were exchanged. The stock’s market cap is GBX 6.08 billion. United Utilities Group PLC has a 12-month low of GBX 849.00 and a 12-month high of GBX 1,078.00. The stock has a 50-day moving average of GBX 921.22 and a 200 day moving average of GBX 957.40.
In other United Utilities Group PLC news, insider Steven L. Mogford sold 44,011 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 884 ($11.54), for a total value of £389,057.24 ($508,040.27). Over the last quarter, insiders acquired 54 shares of company stock worth $51,468.
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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