Macquarie Cuts United Utilities Group PLC (UU) Price Target to GBX 963
United Utilities Group PLC (LON:UU) had its target price decreased by Macquarie from GBX 1,040 ($13.45) to GBX 963 ($12.45) in a research report report published on Thursday morning. Macquarie currently has a neutral rating on the stock.
Several other research analysts have also recently issued reports on the stock. Deutsche Bank AG cut shares of United Utilities Group PLC to a hold rating and increased their price target for the stock from GBX 1,000 ($12.93) to GBX 1,050 ($13.58) in a report on Tuesday, May 16th. Royal Bank Of Canada increased their price target on shares of United Utilities Group PLC from GBX 1,000 ($12.93) to GBX 1,025 ($13.26) and gave the stock a sector performer rating in a report on Thursday, May 4th. Beaufort Securities reissued a buy rating on shares of United Utilities Group PLC in a report on Friday, May 26th. Credit Suisse Group cut shares of United Utilities Group PLC to an underperform rating and cut their price target for the stock from GBX 1,000 ($12.93) to GBX 850 ($10.99) in a report on Friday, June 30th. Finally, HSBC Holdings plc cut their price target on shares of United Utilities Group PLC from GBX 1,070 ($13.84) to GBX 1,000 ($12.93) and set a buy rating for the company in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 965.73 ($12.49).
Shares of United Utilities Group PLC (LON:UU) opened at 906.50 on Thursday. The firm’s market capitalization is GBX 6.18 billion. United Utilities Group PLC has a 52-week low of GBX 849.00 and a 52-week high of GBX 1,078.00. The stock’s 50 day moving average price is GBX 901.54 and its 200-day moving average price is GBX 957.62.
In other news, insider Steven L. Mogford sold 44,011 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of GBX 884 ($11.43), for a total value of £389,057.24 ($503,178.01). Also, insider Steven Fraser sold 6,917 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.63), for a total transaction of £62,183.83 ($80,423.99).
About United Utilities Group PLC
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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