United Utilities Group PLC (LON:UU) was downgraded by equities researchers at Royal Bank Of Canada to an “underperform” rating in a research note issued on Wednesday. They presently have a GBX 1,000 ($13.05) price objective on the stock, up from their previous price objective of GBX 975 ($12.73). Royal Bank Of Canada’s price objective indicates a potential upside of 7.53% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG increased their price target on shares of United Utilities Group PLC from GBX 1,000 ($13.05) to GBX 1,150 ($15.01) and gave the company a “buy” rating in a report on Tuesday, September 13th. Beaufort Securities restated a “buy” rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Jefferies Group raised their target price on shares of United Utilities Group PLC from GBX 890 ($11.62) to GBX 940 ($12.27) and gave the company a “hold” rating in a report on Thursday, September 22nd. HSBC restated a “hold” rating and set a GBX 1,060 ($13.84) target price on shares of United Utilities Group PLC in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG downgraded shares of United Utilities Group PLC to a “neutral” rating and raised their target price for the company from GBX 970 ($12.66) to GBX 990 ($12.92) in a report on Thursday, July 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 992.75 ($12.96).
Shares of United Utilities Group PLC (LON:UU) opened at 927.00 on Wednesday. The stock has a 50 day moving average of GBX 984.71 and a 200-day moving average of GBX 971.50. United Utilities Group PLC has a 1-year low of GBX 884.00 and a 1-year high of GBX 1,065.55. The stock’s market capitalization is GBX 6.32 billion.
In other United Utilities Group PLC news, insider Goligher,Alison purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average price of GBX 995 ($12.99) per share, for a total transaction of £29,850 ($38,963.58). Also, insider Houlden,Russ purchased 37 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of GBX 975 ($12.73) per share, for a total transaction of £360.75 ($470.89).
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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