United Utilities Group (UU) Upgraded to “Neutral” at Credit Suisse Group
Credit Suisse Group upgraded shares of United Utilities Group (LON:UU) to a neutral rating in a research note published on Friday morning. Credit Suisse Group currently has GBX 850 ($11.53) price objective on the stock.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank reaffirmed a buy rating and set a GBX 870 ($11.80) price objective on shares of United Utilities Group in a research note on Thursday, December 14th. JPMorgan Chase & Co. dropped their price objective on shares of United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an overweight rating on the stock in a research note on Thursday, December 7th. HSBC cut shares of United Utilities Group to a hold rating and dropped their price objective for the stock from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research note on Friday, November 17th. Finally, Barclays reaffirmed an equal weight rating on shares of United Utilities Group in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 943.67 ($12.80).
Shares of United Utilities Group (LON:UU) opened at GBX 808.80 ($10.97) on Friday. The company has a market cap of $5,540.00 and a P/E ratio of 1,283.81. United Utilities Group has a one year low of GBX 764.50 ($10.37) and a one year high of GBX 1,078 ($14.62).
The firm also recently announced a dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, December 21st will be given a dividend of GBX 13.24 ($0.18) per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 1.68%.
In other news, insider Steven L. Mogford sold 217,500 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of GBX 801 ($10.86), for a total transaction of £1,742,175 ($2,362,591.54). Also, insider Simon Gardiner sold 4,843 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of GBX 810 ($10.98), for a total value of £39,228.30 ($53,198.13). Insiders have sold a total of 226,743 shares of company stock worth $181,743,930 in the last quarter.
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About United Utilities Group
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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