United Utilities Group PLC (LON:UU) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 853.13 ($11.15).
UU has been the topic of a number of recent research reports. Royal Bank of Canada cut United Utilities Group to a “sector perform” rating and decreased their target price for the stock from GBX 950 ($12.41) to GBX 850 ($11.11) in a report on Friday, September 6th. Jefferies Financial Group cut United Utilities Group to an “underperform” rating and decreased their target price for the stock from GBX 870 ($11.37) to GBX 660 ($8.62) in a report on Thursday, September 19th. Deutsche Bank upgraded United Utilities Group to a “buy” rating and lifted their target price for the stock from GBX 820 ($10.71) to GBX 850 ($11.11) in a report on Tuesday, July 23rd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 900 ($11.76) target price on shares of United Utilities Group in a report on Thursday, September 5th. Finally, Barclays restated an “equal weight” rating on shares of United Utilities Group in a report on Wednesday.
In other news, insider Steven L. Mogford sold 41,000 shares of United Utilities Group stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 770 ($10.06), for a total transaction of £315,700 ($412,517.97). Also, insider Russ Houlden sold 7,300 shares of United Utilities Group stock in a transaction on Friday, September 13th. The shares were sold at an average price of GBX 778 ($10.17), for a total value of £56,794 ($74,211.42).
Shares of UU traded up GBX 5.20 ($0.07) during midday trading on Friday, reaching GBX 877.80 ($11.47). The stock had a trading volume of 3,324,459 shares, compared to its average volume of 2,840,000. United Utilities Group has a 52 week low of GBX 674.40 ($8.81) and a 52 week high of GBX 879.60 ($11.49). The company has a debt-to-equity ratio of 251.25, a current ratio of 0.69 and a quick ratio of 0.58. The firm’s 50 day moving average price is GBX 809.28 and its 200-day moving average price is GBX 802.66. The company has a market capitalization of $5.99 billion and a P/E ratio of 16.50.
About United Utilities Group
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of consulting and project management services. The company operates 42,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 568 wastewater treatment works; and 88 water treatment works.
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