United Utilities Group PLC (UU) Upgraded to “Buy” at Societe Generale
United Utilities Group PLC (LON:UU) was upgraded by equities researchers at Societe Generale to a “buy” rating in a report issued on Wednesday, StockTargetPrices.com reports.
Several other research analysts also recently issued reports on the company. Royal Bank Of Canada downgraded United Utilities Group PLC to an “underperform” rating and upped their price objective for the stock from GBX 975 ($11.88) to GBX 1,000 ($12.19) in a report on Wednesday, October 5th. JPMorgan Chase & Co. upped their price objective on United Utilities Group PLC from GBX 1,040 ($12.68) to GBX 1,120 ($13.65) and gave the stock an “overweight” rating in a report on Friday, July 22nd. Beaufort Securities reaffirmed a “buy” rating on shares of United Utilities Group PLC in a report on Wednesday, September 28th. Credit Suisse Group AG downgraded United Utilities Group PLC to a “neutral” rating and upped their price objective for the stock from GBX 970 ($11.82) to GBX 990 ($12.07) in a report on Thursday, July 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of United Utilities Group PLC in a report on Friday, June 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 992.75 ($12.10).
Shares of United Utilities Group PLC (LON:UU) opened at 950.00 on Wednesday. The firm’s market cap is GBX 6.48 billion. The company’s 50-day moving average price is GBX 973.32 and its 200-day moving average price is GBX 972.07. 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 Goligher,Alison acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of GBX 995 ($12.13) per share, for a total transaction of £29,850 ($36,380.26). Also, insider Houlden,Russ acquired 37 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 975 ($11.88) per share, with a total value of £360.75 ($439.67).
About United Utilities Group PLC
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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