United Utilities Group PLC (UU) Receives GBX 935.38 Average Target Price from Analysts
Shares of United Utilities Group PLC (LON:UU) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 935.38 ($12.51).
A number of research firms have commented on UU. Credit Suisse Group raised shares of United Utilities Group to a “neutral” rating and set a GBX 850 ($11.37) target price on the stock in a research report on Friday. Deutsche Bank reissued a “buy” rating and set a GBX 870 ($11.63) target price on shares of United Utilities Group in a research report on Thursday, December 14th. JPMorgan Chase & Co. cut their target price on shares of United Utilities Group from GBX 1,070 ($14.31) to GBX 1,000 ($13.37) and set an “overweight” rating on the stock in a research report on Thursday, December 7th. Barclays reissued an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. Finally, HSBC downgraded shares of United Utilities Group to a “hold” rating and cut their target price for the company from GBX 1,000 ($13.37) to GBX 900 ($12.03) in a research report on Friday, November 17th.
United Utilities Group (UU) traded up GBX 18 ($0.24) during mid-day trading on Monday, reaching GBX 817.80 ($10.93). 2,580,214 shares of the company traded hands, compared to its average volume of 2,150,000. The stock has a market cap of $5,580.00 and a P/E ratio of 1,298.10. United Utilities Group has a 52 week low of GBX 764.50 ($10.22) and a 52 week high of GBX 1,078 ($14.41).
In related news, insider Steven L. Mogford sold 217,500 shares of United Utilities Group stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($10.71), for a total value of £1,742,175 ($2,329,422.38). Also, insider Russ Houlden sold 4,400 shares of United Utilities Group stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of GBX 819 ($10.95), for a total transaction of £36,036 ($48,182.91). In the last ninety days, insiders sold 226,743 shares of company stock worth $181,743,930.
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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.
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