United Utilities Group PLC (UU) Stock Rating Lowered by HSBC Holdings PLC
United Utilities Group PLC (LON:UU) was downgraded by stock analysts at HSBC Holdings PLC to a “hold” rating in a report issued on Friday. They currently have a GBX 900 ($11.84) price target on the stock, down from their previous price target of GBX 1,000 ($13.15). HSBC Holdings PLC’s price objective points to a potential upside of 7.85% from the stock’s current price.
Other analysts also recently issued reports about the company. cut their target price on United Utilities Group PLC from GBX 1,070 ($14.07) to GBX 1,000 ($13.15) and set a “buy” rating on the stock in a research note on Friday, July 21st. Barclays PLC reiterated an “equal weight” rating on shares of United Utilities Group PLC in a research note on Tuesday. Deutsche Bank AG reiterated a “hold” rating and set a GBX 930 ($12.23) target price on shares of United Utilities Group PLC in a research note on Wednesday, September 6th. Royal Bank Of Canada upgraded United Utilities Group PLC to an “outperform” rating and increased their target price for the company from GBX 1,025 ($13.48) to GBX 1,050 ($13.81) in a research note on Monday, July 31st. Finally, Macquarie cut their target price on United Utilities Group PLC from GBX 1,040 ($13.68) to GBX 963 ($12.67) and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 958.11 ($12.60).
Shares of United Utilities Group PLC (LON UU) opened at GBX 834.50 ($10.98) on Friday. United Utilities Group PLC has a 52 week low of GBX 817 ($10.75) and a 52 week high of GBX 1,078 ($14.18).
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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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