J P Morgan Chase & Co Cuts United Utilities Group (UU) Price Target to GBX 1,000

United Utilities Group (LON:UU) had its price objective dropped by J P Morgan Chase & Co from GBX 1,070 ($14.40) to GBX 1,000 ($13.46) in a research note issued on Thursday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 22.66% from the stock’s current price.

A number of other analysts have also recently weighed in on UU. Deutsche Bank decreased their price target on shares of United Utilities Group from GBX 1,050 ($14.13) to GBX 930 ($12.52) and set a “hold” rating for the company in a research note on Thursday, August 17th. Macquarie decreased their price target on shares of United Utilities Group from GBX 1,040 ($14.00) to GBX 963 ($12.96) and set a “neutral” rating for the company in a research note on Thursday, August 31st. Credit Suisse Group reiterated an “underperform” rating and set a GBX 850 ($11.44) price target on shares of United Utilities Group in a research note on Thursday, November 2nd. Barclays reiterated an “equal weight” rating on shares of United Utilities Group in a research note on Tuesday, November 14th. Finally, HSBC cut shares of United Utilities Group to a “hold” rating and decreased their price target for the stock from GBX 1,000 ($13.46) to GBX 900 ($12.11) in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 943.67 ($12.70).

Shares of United Utilities Group (UU) opened at GBX 815.28 ($10.97) on Thursday. United Utilities Group has a 52 week low of GBX 764.50 ($10.29) and a 52 week high of GBX 1,078 ($14.51).

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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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