Utilitywise PLC (UTW) PT Lowered to GBX 130 at Macquarie
Utilitywise PLC (LON:UTW) had its price target lowered by analysts at Macquarie from GBX 185 ($2.44) to GBX 130 ($1.71) in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective would indicate a potential upside of 91.18% from the company’s previous close.
A number of other research firms have also issued reports on UTW. FinnCap reiterated a “corporate” rating and set a GBX 222 ($2.93) price objective on shares of Utilitywise PLC in a research note on Monday, June 19th. Shore Capital reiterated an “under review” rating on shares of Utilitywise PLC in a research note on Thursday, June 29th. Liberum Capital dropped their price objective on shares of Utilitywise PLC from GBX 228 ($3.01) to GBX 206 ($2.72) and set a “buy” rating on the stock in a research note on Thursday, June 29th. Finally, Canaccord Genuity dropped their price objective on shares of Utilitywise PLC from GBX 225 ($2.97) to GBX 120 ($1.58) and set a “buy” rating on the stock in a research note on Friday, June 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Utilitywise PLC currently has an average rating of “Buy” and a consensus target price of GBX 110 ($1.45).
Utilitywise PLC (UTW) opened at 63.75 on Thursday. Utilitywise PLC has a 12-month low of GBX 33.50 and a 12-month high of GBX 202.50. The firm’s market cap is GBX 49.61 million. The firm’s 50-day moving average is GBX 81.62 and its 200 day moving average is GBX 136.95.
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Utilitywise PLC Company Profile
Utilitywise plc is a United Kingdom-based business energy and water consultancy. The principal activity of the Company is of an intermediary for energy supplies to the commercial market. Its operating segments include Enterprise and Corporate. The Enterprise segment is engaged in energy procurement by negotiating rates with energy suppliers for small and medium-sized business customers throughout the United Kingdom, the Republic of Ireland and certain European markets.
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