United Utilities’ (LON:UU) “Overweight” Rating Reaffirmed at JPMorgan Chase

JPMorgan Chase reissued their overweight rating on shares of United Utilities (LON:UU) in a report released on Friday, March 9th. JPMorgan Chase currently has a GBX 1,000 ($14.04) price objective on the stock.

Several other research analysts also recently commented on UU. Barclays reaffirmed an equal weight rating on shares of United Utilities in a research report on Tuesday, November 14th. HSBC downgraded United Utilities to a hold rating and dropped their price target for the stock from GBX 1,000 ($14.04) to GBX 900 ($12.63) in a research report on Friday, November 17th. Deutsche Bank raised United Utilities to a buy rating and dropped their price target for the stock from GBX 930 ($13.05) to GBX 870 ($12.21) in a research report on Wednesday, December 6th. Credit Suisse Group upgraded United Utilities to a neutral rating and set a GBX 850 ($11.93) price objective on the stock in a research report on Friday, January 5th. Finally, Goldman Sachs restated a neutral rating and set a GBX 778 ($10.92) price objective on shares of United Utilities in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. United Utilities currently has a consensus rating of Hold and a consensus price target of GBX 915.60 ($12.85).

Shares of UU stock remained flat at $GBX 715.40 ($10.04) during trading on Friday. United Utilities has a 12 month low of GBX 648.60 ($9.10) and a 12 month high of GBX 1,078 ($15.13).

In related news, insider Russ Houlden sold 14,481 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of GBX 704 ($9.88), for a total value of £101,946.24 ($143,102.53). Also, insider Steven L. Mogford sold 217,500 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($11.24), for a total value of £1,742,175 ($2,445,501.12).

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About United Utilities

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, and property management activities; and the provision of consulting and project management services. The company operates 43,000 kilometers (km) of pipes; 77,000 km of sewerage pipes; 567 wastewater treatment works; and 91 water treatment works.

Analyst Recommendations for United Utilities (LON:UU)

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