Morgan Stanley Reiterates Underweight Rating for United Utilities Group (UU)
United Utilities Group (LON:UU)‘s stock had its “underweight” rating reiterated by Morgan Stanley in a note issued to investors on Monday. They presently have a GBX 735 ($9.57) price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 2.62% from the company’s current price.
UU has been the topic of several other research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of United Utilities Group in a report on Wednesday, June 27th. Deutsche Bank restated a “hold” rating on shares of United Utilities Group in a report on Friday, July 27th. HSBC restated a “hold” rating and set a GBX 820 ($10.68) price objective on shares of United Utilities Group in a report on Tuesday, August 28th. Credit Suisse Group reiterated an “outperform” rating on shares of United Utilities Group in a report on Thursday, August 23rd. Finally, Citigroup reiterated a “buy” rating and issued a GBX 811 ($10.56) price target on shares of United Utilities Group in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 860.50 ($11.21).
UU opened at GBX 716.20 ($9.33) on Monday. United Utilities Group has a 52-week low of GBX 648.60 ($8.45) and a 52-week high of GBX 1,078 ($14.04).
About United Utilities Group
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of consulting and project management services. The company operates 42,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 568 wastewater treatment works; and 88 water treatment works.
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