United Utilities Group PLC (LON:UU) Receives GBX 974 Average PT from Analysts
Shares of United Utilities Group PLC (LON:UU) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 974 ($12.68).
UU has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of United Utilities Group PLC from GBX 905 ($11.79) to GBX 890 ($11.59) and set an “underweight” rating on the stock in a research note on Friday, July 7th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,050 ($13.67) target price on shares of United Utilities Group PLC in a research note on Wednesday, July 12th. Beaufort Securities reissued a “buy” rating on shares of United Utilities Group PLC in a research note on Friday, May 26th. HSBC Holdings plc lowered their target price on shares of United Utilities Group PLC from GBX 1,070 ($13.93) to GBX 1,000 ($13.02) and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Royal Bank Of Canada raised shares of United Utilities Group PLC to an “outperform” rating and upped their target price for the company from GBX 1,025 ($13.35) to GBX 1,050 ($13.67) in a research note on Monday, July 31st.
Shares of United Utilities Group PLC (LON:UU) traded up 0.38% during trading on Friday, hitting GBX 917.50. 1,430,046 shares of the stock traded hands. United Utilities Group PLC has a one year low of GBX 849.00 and a one year high of GBX 1,078.00. The company’s market cap is GBX 6.26 billion. The firm has a 50 day moving average price of GBX 896.57 and a 200-day moving average price of GBX 957.66.
The company also recently declared a dividend, which was paid on Friday, August 4th. Shareholders of record on Thursday, June 22nd were given a GBX 25.92 ($0.34) dividend. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a yield of 2.45%.
In other United Utilities Group PLC news, insider Steven Fraser sold 6,917 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.71), for a total value of £62,183.83 ($80,979.07). Also, insider Steven L. Mogford sold 44,011 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 884 ($11.51), for a total transaction of £389,057.24 ($506,650.92). Over the last 90 days, insiders acquired 54 shares of company stock worth $51,468.
About United Utilities Group PLC
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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