United Utilities Group PLC (UU) Shares Up 1.2%
United Utilities Group PLC (LON:UU) shot up 1.2% during mid-day trading on Thursday . The stock traded as high as GBX 776 ($10.21) and last traded at GBX 792 ($10.42). 2,473,310 shares were traded during trading, an increase of 9% from the average session volume of 2,270,000 shares. The stock had previously closed at GBX 782.50 ($10.29).
Several brokerages have recently issued reports on UU. HSBC Holdings PLC lowered United Utilities Group PLC to a “hold” rating and reduced their price target for the company from GBX 1,000 ($13.15) to GBX 900 ($11.84) in a report on Friday, November 17th. Barclays PLC restated an “equal weight” rating on shares of United Utilities Group PLC in a report on Tuesday, November 14th. Deutsche Bank AG restated a “hold” rating and issued a GBX 930 ($12.23) target price on shares of United Utilities Group PLC in a report on Tuesday, November 7th. Credit Suisse Group restated an “underperform” rating and issued a GBX 850 ($11.18) target price on shares of United Utilities Group PLC in a report on Thursday, November 2nd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,070 ($14.07) target price on shares of United Utilities Group PLC in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 958.11 ($12.60).
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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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