United Utilities Group (UU) Earns “Buy” Rating from Deutsche Bank

United Utilities Group (LON:UU)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank in a report released on Friday. They currently have a GBX 870 ($11.80) target price on the stock. Deutsche Bank’s price target points to a potential upside of 13.61% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. HSBC downgraded shares of United Utilities Group to a “hold” rating and cut their target price for the stock from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research report on Friday, November 17th. Credit Suisse Group restated an “underperform” rating and issued a GBX 850 ($11.53) price target on shares of United Utilities Group in a research report on Thursday, November 2nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,070 ($14.51) price target on shares of United Utilities Group in a research report on Thursday, October 26th. Finally, Barclays restated an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 943.67 ($12.80).

United Utilities Group (UU) traded down GBX 2.20 ($0.03) during trading hours on Friday, reaching GBX 765.80 ($10.39). 5,049,098 shares of the company traded hands, compared to its average volume of 2,210,000. United Utilities Group has a twelve month low of GBX 761 ($10.32) and a twelve month high of GBX 1,078 ($14.62). The firm has a market cap of $5,220.00 and a P/E ratio of 1,215.56.

In related news, insider Steven L. Mogford sold 217,500 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($10.86), for a total transaction of £1,742,175 ($2,362,591.54). Also, insider Russ Houlden sold 4,400 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of GBX 819 ($11.11), for a total transaction of £36,036 ($48,869.00). Insiders have sold a total of 226,743 shares of company stock worth $181,743,930 in the last quarter.

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United Utilities Group 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.

Analyst Recommendations for United Utilities Group (LON:UU)

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