Citigroup Issues Pessimistic Forecast for United Utilities Group (LON:UU) Stock Price

United Utilities Group (LON:UU) had its price target reduced by analysts at Citigroup from £152.50 to GBX 1,340 in a research note issued on Tuesday,Digital Look reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 4.77% from the stock’s current price.

Several other research firms also recently issued reports on UU. Royal Bank Of Canada upgraded shares of United Utilities Group to a “sector perform” rating and upped their price objective for the company from GBX 1,450 to GBX 1,550 in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of United Utilities Group from GBX 1,300 to GBX 1,450 and gave the company a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,320 price objective on shares of United Utilities Group in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, United Utilities Group presently has a consensus rating of “Hold” and an average target price of GBX 1,431.43.

United Utilities Group Price Performance

LON UU opened at GBX 1,279 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 2.55 and a debt-to-equity ratio of 512.65. The firm has a market capitalization of £8.76 billion, a P/E ratio of 69.04, a PEG ratio of 0.69 and a beta of 0.58. The company has a 50-day moving average of GBX 1,349.79 and a two-hundred day moving average of GBX 1,293.18.

United Utilities Group (LON:UU) last released its quarterly earnings data on Thursday, April 30th. The company reported GBX 107.10 earnings per share (EPS) for the quarter. United Utilities Group had a net margin of 22.43% and a return on equity of 27.72%. The company had revenue of GBX 261.63 billion during the quarter. On average, research analysts expect that United Utilities Group will post 50.9730539 earnings per share for the current year.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.