United Utilities Group (LON:UU) was downgraded by investment analysts at Liberum Capital to a “hold” rating in a research note issued on Friday. They presently have a GBX 950 ($12.41) price target on the stock, up from their previous price target of GBX 700 ($9.15). Liberum Capital’s price target would suggest a potential upside of 13.94% from the stock’s current price.
A number of other analysts have also recently weighed in on the company. Credit Suisse Group restated an “outperform” rating on shares of United Utilities Group in a research note on Wednesday, December 12th. Deutsche Bank upgraded United Utilities Group to a “buy” rating in a research report on Tuesday, November 13th. JPMorgan Chase & Co. cut their target price on United Utilities Group from GBX 1,000 ($13.07) to GBX 950 ($12.41) and set an “overweight” rating on the stock in a research report on Tuesday, December 11th. Royal Bank of Canada cut their target price on United Utilities Group from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set an “outperform” rating on the stock in a research report on Monday, November 26th. Finally, HSBC lifted their target price on United Utilities Group from GBX 820 ($10.71) to GBX 840 ($10.98) and gave the stock a “hold” rating in a research report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 848.73 ($11.09).
United Utilities Group stock opened at GBX 833.80 ($10.90) on Friday. United Utilities Group has a 1-year low of GBX 648.60 ($8.48) and a 1-year high of GBX 1,078 ($14.09).
About United Utilities Group
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of consulting and project management services. The company operates 42,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 568 wastewater treatment works; and 88 water treatment works.
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