United Utilities Group PLC (UU) Given Hold Rating at Societe Generale
United Utilities Group PLC (LON:UU)‘s stock had its “hold” rating reaffirmed by research analysts at Societe Generale in a research note issued to investors on Wednesday. They currently have a GBX 1,040 ($13.58) price target on the stock. Societe Generale’s price objective would suggest a potential upside of 4.58% from the company’s previous close.
A number of other analysts also recently commented on the stock. Royal Bank Of Canada downgraded shares of United Utilities Group PLC to an “underperform” rating and boosted their target price for the stock from GBX 975 ($12.73) to GBX 1,000 ($13.05) in a report on Wednesday. Beaufort Securities reiterated a “buy” rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Jefferies Group boosted 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. Deutsche Bank AG boosted 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. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,120 ($14.62) target price on shares of United Utilities Group PLC in a report on Wednesday, September 7th. 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’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 992.75 ($12.96).
United Utilities Group PLC (LON:UU) opened at 972.50 on Wednesday. The stock’s market cap is GBX 6.63 billion. The firm’s 50-day moving average is GBX 987.86 and its 200-day moving average is GBX 971.54. United Utilities Group PLC has a 1-year low of GBX 884.00 and a 1-year high of GBX 1,065.55.
In other United Utilities Group PLC news, insider Houlden,Russ bought 37 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of GBX 975 ($12.73) per share, with a total value of £360.75 ($470.89). Also, insider Goligher,Alison bought 3,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of GBX 995 ($12.99) per share, with a total value of £29,850 ($38,963.58).
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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