HSBC Lowers United Utilities Group (LON:UU) to Reduce

HSBC cut shares of United Utilities Group (LON:UU) to a reduce rating in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 760 ($9.93) price target on the stock, down from their prior price target of GBX 860 ($11.24).

A number of other equities research analysts also recently weighed in on UU. Barclays reiterated an equal weight rating on shares of United Utilities Group in a report on Wednesday, October 16th. Jefferies Financial Group downgraded United Utilities Group to an underperform rating and lowered their price target for the company from GBX 870 ($11.37) to GBX 660 ($8.62) in a report on Thursday, September 19th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 900 ($11.76) price target on shares of United Utilities Group in a report on Thursday, September 5th. Deutsche Bank upgraded United Utilities Group to a buy rating and boosted their price target for the company from GBX 820 ($10.71) to GBX 850 ($11.11) in a report on Tuesday, July 23rd. Finally, Credit Suisse Group reiterated an outperform rating on shares of United Utilities Group in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 855.50 ($11.18).

Shares of UU traded up GBX 14.40 ($0.19) during trading on Friday, reaching GBX 843.80 ($11.03). The company’s stock had a trading volume of 2,193,196 shares, compared to its average volume of 2,840,000. The company has a fifty day moving average of GBX 838.26 and a two-hundred day moving average of GBX 807.30. United Utilities Group has a twelve month low of GBX 713 ($9.32) and a twelve month high of GBX 895.60 ($11.70). The company has a market cap of $5.76 billion and a price-to-earnings ratio of 15.86. The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 251.25.

In related news, insider Steven L. Mogford sold 41,000 shares of the company’s 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 the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of GBX 778 ($10.17), for a total value of £56,794 ($74,211.42).

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.

Further Reading: What does an outperform rating mean?

Analyst Recommendations for United Utilities Group (LON:UU)

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