United Utilities Group PLC (UU) Upgraded to “Buy” at Societe Generale
Societe Generale upgraded shares of United Utilities Group PLC (LON:UU) to a buy rating in a report released on Thursday morning. Societe Generale currently has GBX 1,040 ($12.87) target price on the stock.
Several other research analysts have also recently issued reports on UU. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,120 ($13.86) price objective on shares of United Utilities Group PLC in a research report on Wednesday, September 7th. Deutsche Bank AG upped their price objective on United Utilities Group PLC from GBX 1,000 ($12.38) to GBX 1,150 ($14.23) and gave the stock a buy rating in a research report on Tuesday, September 13th. HSBC reaffirmed a hold rating and set a GBX 1,060 ($13.12) price objective on shares of United Utilities Group PLC in a research report on Tuesday, July 5th. Jefferies Group upped their price objective on United Utilities Group PLC from GBX 890 ($11.01) to GBX 940 ($11.63) and gave the stock a hold rating in a research report on Thursday, September 22nd. Finally, Credit Suisse Group AG cut United Utilities Group PLC to a neutral rating and upped their price objective for the stock from GBX 970 ($12.00) to GBX 990 ($12.25) in a research report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 992.75 ($12.29).
Shares of United Utilities Group PLC (LON:UU) traded up 0.43% on Thursday, hitting GBX 944.50. The stock had a trading volume of 1,344,641 shares. The firm’s 50-day moving average price is GBX 975.99 and its 200 day moving average price is GBX 971.31. The firm’s market cap is GBX 6.44 billion. United Utilities Group PLC has a 52-week low of GBX 884.00 and a 52-week high of GBX 1,065.55.
In other news, insider Goligher,Alison bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average cost of GBX 995 ($12.31) per share, with a total value of £29,850 ($36,943.07). Also, insider Houlden,Russ bought 37 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of GBX 975 ($12.07) per share, for a total transaction of £360.75 ($446.47).
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.
Receive News & Stock Ratings for United Utilities Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Utilities Group PLC and related stocks with our FREE daily email newsletter.