United Utilities Group PLC (UU) Stock Rating Upgraded by Investec
United Utilities Group PLC (LON:UU) was upgraded by stock analysts at Investec to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a GBX 870 ($10.60) price objective on the stock. Investec’s price objective would suggest a potential downside of 8.42% from the stock’s previous close.
A number of other research firms have also weighed in on UU. Credit Suisse Group AG lowered shares of United Utilities Group PLC to a “neutral” rating and upped their price objective for the stock from GBX 970 ($11.82) to GBX 990 ($12.07) in a research note on Thursday, July 21st. HSBC reaffirmed a “hold” rating and issued a GBX 1,060 ($12.92) price objective on shares of United Utilities Group PLC in a research note on Tuesday, July 5th. JPMorgan Chase & Co. upped their price objective on shares of United Utilities Group PLC from GBX 1,040 ($12.68) to GBX 1,120 ($13.65) and gave the stock an “overweight” rating in a research note on Friday, July 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,000 ($12.19) target price on shares of United Utilities Group PLC in a report on Wednesday, September 7th. Finally, Beaufort Securities reiterated a “buy” rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 992.75 ($12.10).
United Utilities Group PLC (LON:UU) opened at 949.2237 on Wednesday. United Utilities Group PLC has a 52 week low of GBX 884.00 and a 52 week high of GBX 1,065.55. The company’s market capitalization is GBX 6.47 billion. The company has a 50 day moving average of GBX 973.32 and a 200 day moving average of GBX 972.07.
In related news, insider Houlden,Russ acquired 37 shares of the stock in a transaction on Monday, September 12th. The shares were acquired at an average price of GBX 975 ($11.88) per share, for a total transaction of £360.75 ($439.67). Also, insider Goligher,Alison acquired 3,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average price of GBX 995 ($12.13) per share, for a total transaction of £29,850 ($36,380.26).
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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