United Utilities Group PLC (LON:UU) was downgraded by stock analysts at Royal Bank Of Canada to an “underperform” rating in a research note issued on Wednesday. They currently have a GBX 1,000 ($13.05) price objective on the stock, up from their prior price objective of GBX 975 ($12.73). Royal Bank Of Canada’s price target would suggest a potential upside of 0.55% from the company’s current price.
Several other analysts also recently commented on the stock. Deutsche Bank AG raised their target price on shares of United Utilities Group PLC from GBX 1,000 ($13.05) to GBX 1,150 ($15.01) and gave the stock a “buy” rating in a report on Tuesday, September 13th. Beaufort Securities restated a “buy” rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Jefferies Group raised their target price on shares of United Utilities Group PLC from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the stock a “hold” rating in a report on Thursday, September 22nd. HSBC restated a “hold” rating and set a GBX 1,060 ($13.84) target price on shares of United Utilities Group PLC in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG downgraded shares of United Utilities Group PLC to a “neutral” rating and raised their target price for the stock from GBX 970 ($12.66) to GBX 990 ($12.92) in a report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 992.75 ($12.96).
Shares of United Utilities Group PLC (LON:UU) opened at 972.50 on Wednesday. The firm’s market capitalization is GBX 6.63 billion. United Utilities Group PLC has a 52 week low of GBX 884.00 and a 52 week high of GBX 1,065.55. The stock has a 50 day moving average of GBX 987.86 and a 200-day moving average of GBX 971.54.
In related news, insider Goligher,Alison acquired 3,000 shares of United Utilities Group PLC stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of GBX 995 ($12.99) per share, with a total value of £29,850 ($38,963.58). Also, insider Houlden,Russ acquired 37 shares of United Utilities Group PLC stock in a transaction on Monday, September 12th. The shares were bought at an average cost of GBX 975 ($12.73) per share, with a total value of £360.75 ($470.89).
About United Utilities Group PLC
United Utilities Group PLC provides water and sewage services. The Company through its subsidiary, United Utilities Water Limited, manages the regulated water and wastewater network in the North West of England, providing services to approximately seven million people and businesses. The Company manages around 120,000 kilometers of water pipes and sewers.
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