Deutsche Bank Reiterates “Hold” Rating for United Utilities Group (UU)

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Deutsche Bank reaffirmed their hold rating on shares of United Utilities Group (LON:UU) in a research note published on Friday, July 27th.

UU has been the topic of several other reports. Morgan Stanley restated an underweight rating on shares of United Utilities Group in a research note on Friday, July 27th. Credit Suisse Group upgraded United Utilities Group to an outperform rating and lowered their target price for the stock from GBX 850 ($10.87) to GBX 820 ($10.48) in a research note on Friday, May 4th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of United Utilities Group in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 866.57 ($11.08).

Shares of UU stock traded down GBX 7.80 ($0.10) during trading hours on Friday, hitting GBX 744.40 ($9.52). 1,389,410 shares of the company were exchanged, compared to its average volume of 2,840,000. United Utilities Group has a fifty-two week low of GBX 648.60 ($8.29) and a fifty-two week high of GBX 1,078 ($13.78).

The company also recently disclosed a dividend, which was paid on Friday, August 3rd. Investors of record on Thursday, June 21st were paid a GBX 26.49 ($0.34) dividend. This is a boost from United Utilities Group’s previous dividend of $13.24. This represents a yield of 3.34%. The ex-dividend date of this dividend was Thursday, June 21st.

In related news, insider Steven Fraser sold 4,805 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of GBX 771 ($9.86), for a total value of ¬£37,046.55 ($47,355.94). Insiders purchased a total of 28,144 shares of company stock worth $22,118,468 over the last 90 days.

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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Analyst Recommendations for United Utilities Group (LON:UU)

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