Deutsche Bank AG Trims United Utilities Group PLC (UU) Target Price to GBX 930
United Utilities Group PLC (LON:UU) had its target price lowered by stock analysts at Deutsche Bank AG from GBX 1,050 ($13.63) to GBX 930 ($12.07) in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 2.25% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Morgan Stanley lowered their price objective on shares of United Utilities Group PLC from GBX 905 ($11.75) to GBX 890 ($11.55) and set an “underweight” rating for the company in a report on Friday, July 7th. Beaufort Securities restated a “buy” rating on shares of United Utilities Group PLC in a report on Friday, May 26th. HSBC Holdings plc lowered their price objective on shares of United Utilities Group PLC from GBX 1,070 ($13.89) to GBX 1,000 ($12.98) and set a “buy” rating for the company in a report on Friday, July 21st. Royal Bank Of Canada upgraded shares of United Utilities Group PLC to an “outperform” rating and boosted their price objective for the stock from GBX 1,025 ($13.31) to GBX 1,050 ($13.63) in a report on Monday, July 31st. Finally, Barclays PLC boosted their price objective on shares of United Utilities Group PLC from GBX 960 ($12.46) to GBX 1,010 ($13.11) and gave the stock an “equal weight” rating in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 969.09 ($12.58).
United Utilities Group PLC (LON UU) opened at 901.50 on Thursday. United Utilities Group PLC has a 12 month low of GBX 849.00 and a 12 month high of GBX 1,078.00. The firm’s market capitalization is GBX 6.15 billion. The firm has a 50-day moving average of GBX 889.97 and a 200 day moving average of GBX 959.39.
In other United Utilities Group PLC news, insider Steven Fraser sold 6,917 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.67), for a total transaction of £62,183.83 ($80,726.77). Also, insider Steven L. Mogford sold 44,011 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 884 ($11.48), for a total transaction of £389,057.24 ($505,072.36).
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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