United Utilities Group PLC (UU) Receives Consensus Recommendation of “Hold” from Brokerages
United Utilities Group PLC (LON:UU) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 960.33 ($12.95).
Several equities analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of United Utilities Group PLC from GBX 905 ($12.20) to GBX 890 ($12.00) and set an “underweight” rating for the company in a research report on Friday, July 7th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,050 ($14.16) price objective on shares of United Utilities Group PLC in a research report on Wednesday, July 12th. Beaufort Securities reiterated a “buy” rating on shares of United Utilities Group PLC in a research report on Friday, May 26th. HSBC Holdings plc lowered their price objective on shares of United Utilities Group PLC from GBX 1,070 ($14.43) to GBX 1,000 ($13.48) and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank Of Canada upgraded shares of United Utilities Group PLC to an “outperform” rating and increased their price objective for the company from GBX 1,025 ($13.82) to GBX 1,050 ($14.16) in a research report on Monday, July 31st.
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Shares of United Utilities Group PLC (UU) traded down 0.29% during trading on Friday, reaching GBX 860.50. 2,440,030 shares of the company were exchanged. The company’s market capitalization is GBX 5.87 billion. The stock’s 50 day moving average is GBX 908.26 and its 200 day moving average is GBX 952.79. United Utilities Group PLC has a 1-year low of GBX 849.00 and a 1-year high of GBX 1,078.00.
In related news, insider Steven L. Mogford sold 44,011 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 884 ($11.92), for a total value of £389,057.24 ($524,547.98). Also, insider Steven Fraser sold 6,917 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of GBX 899 ($12.12), for a total transaction of £62,183.83 ($83,839.60).
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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