Deutsche Bank reaffirmed their buy rating on shares of United Utilities Group (LON:UU) in a research report report published on Friday morning. Deutsche Bank currently has a GBX 870 ($11.80) price objective on the stock.
Several other brokerages have also commented on UU. Barclays restated an equal weight rating on shares of United Utilities Group in a research note on Tuesday, November 14th. JPMorgan Chase & Co. cut their price target on United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an overweight rating on the stock in a research note on Thursday, December 7th. HSBC lowered United Utilities Group to a hold rating and cut their price target for the company from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research note on Friday, November 17th. Finally, Credit Suisse Group upgraded United Utilities Group to a neutral rating and set a GBX 850 ($11.53) price target on the stock in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. United Utilities Group currently has an average rating of Hold and a consensus target price of GBX 943.67 ($12.80).
Shares of United Utilities Group (UU) opened at GBX 763.20 ($10.35) on Friday. United Utilities Group has a 52-week low of GBX 761 ($10.32) and a 52-week high of GBX 1,078 ($14.62). The firm has a market capitalization of $5,200.00 and a price-to-earnings ratio of 1,211.43.
In other United Utilities Group news, insider Simon Gardiner sold 4,843 shares of United Utilities Group stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of GBX 810 ($10.98), for a total value of £39,228.30 ($53,198.13). Also, insider Russ Houlden sold 4,400 shares of United Utilities Group stock in a transaction dated Monday, December 11th. The shares were sold at an average price of GBX 819 ($11.11), for a total value of £36,036 ($48,869.00). Insiders sold 226,743 shares of company stock worth $181,743,930 in the last quarter.
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United Utilities Group Company Profile
United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.
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