United Utilities Group PLC (UU) Downgraded to “Underperform” at Royal Bank Of Canada
Royal Bank Of Canada cut shares of United Utilities Group PLC (LON:UU) to an underperform rating in a research note released on Wednesday morning. The brokerage currently has GBX 1,000 ($13.05) price objective on the stock, up from their prior price objective of GBX 975 ($12.73).
Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group AG cut shares of United Utilities Group PLC to a neutral rating and increased their price objective for the stock from GBX 970 ($12.66) to GBX 990 ($12.92) in a research report on Thursday, July 21st. HSBC reaffirmed a hold rating and set a GBX 1,060 ($13.84) price objective on shares of United Utilities Group PLC in a research report on Tuesday, July 5th. JPMorgan Chase & Co. increased their price objective on shares of United Utilities Group PLC from GBX 1,040 ($13.58) to GBX 1,120 ($14.62) and gave the stock an overweight rating in a research report on Friday, July 22nd. Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,000 ($13.05) price objective on shares of United Utilities Group PLC in a research report on Wednesday, September 7th. Finally, Beaufort Securities reaffirmed a buy rating on shares of United Utilities Group PLC in a research report on Wednesday, September 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. United Utilities Group PLC has a consensus rating of Hold and an average price target of GBX 992.75 ($12.96).
Shares of United Utilities Group PLC (LON:UU) traded down 2.00% during trading on Wednesday, hitting GBX 932.00. The stock had a trading volume of 1,733,972 shares. United Utilities Group PLC has a one year low of GBX 884.00 and a one year high of GBX 1,065.55. The stock’s market cap is GBX 6.36 billion. The stock’s 50 day moving average price is GBX 986.42 and its 200-day moving average price is GBX 971.79.
In other United Utilities Group PLC news, insider Houlden,Russ bought 37 shares of the business’s stock in a transaction on Monday, September 12th. The stock was bought at an average price of GBX 975 ($12.73) per share, for a total transaction of £360.75 ($470.89). Also, insider Goligher,Alison bought 3,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of GBX 995 ($12.99) per share, with a total value of £29,850 ($38,963.58).
United Utilities Group PLC Company Profile
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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