United Utilities Group PLC (UU) Receives “Hold” Rating from Societe Generale
Societe Generale restated their hold rating on shares of United Utilities Group PLC (LON:UU) in a research note issued to investors on Wednesday. They currently have a GBX 1,040 ($12.87) price target on the stock.
Several other research firms also recently weighed in on UU. Credit Suisse Group AG downgraded United Utilities Group PLC to a neutral rating and increased their price objective for the company from GBX 970 ($12.00) to GBX 990 ($12.25) in a report on Thursday, July 21st. HSBC reissued a hold rating and issued a GBX 1,060 ($13.12) price objective on shares of United Utilities Group PLC in a report on Tuesday, July 5th. JPMorgan Chase & Co. increased their price objective on United Utilities Group PLC from GBX 1,040 ($12.87) to GBX 1,120 ($13.86) and gave the company an overweight rating in a report on Friday, July 22nd. Deutsche Bank AG reissued a buy rating and issued a GBX 1,000 ($12.38) price objective on shares of United Utilities Group PLC in a report on Wednesday, September 7th. Finally, Beaufort Securities reissued a buy rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. United Utilities Group PLC presently has an average rating of Hold and a consensus target price of GBX 992.75 ($12.29).
Shares of United Utilities Group PLC (LON:UU) opened at 915.5812 on Wednesday. The firm’s market cap is GBX 6.24 billion. The firm’s 50-day moving average is GBX 980.64 and its 200 day moving average is GBX 971.90. United Utilities Group PLC has a 52 week low of GBX 884.00 and a 52 week high of GBX 1,065.55.
In related news, insider Houlden,Russ acquired 37 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average price of GBX 975 ($12.07) per share, for a total transaction of £360.75 ($446.47). Also, insider Goligher,Alison acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of GBX 995 ($12.31) per share, with a total value of £29,850 ($36,943.07).
United Utilities Group PLC Company Profile
United Utilities Group PLC provides water and sewage services. The Company through its subsidiary, United Utilities Water Limited, manages the regulated water and wastewater network in the North West of England, providing services to approximately seven million people and businesses. The Company manages around 120,000 kilometers of water pipes and sewers.
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