United Utilities Group (UU) Trading Up 1.1%
United Utilities Group PLC (LON:UU) traded up 1.1% on Tuesday . The company traded as high as GBX 771.20 ($10.46) and last traded at GBX 771.20 ($10.46). 2,012,621 shares changed hands during trading, a decline of 7% from the average session volume of 2,170,000 shares. The stock had previously closed at GBX 763 ($10.35).
A number of equities research analysts have weighed in on the company. Deutsche Bank reaffirmed a “buy” rating and set a GBX 870 ($11.80) target price on shares of United Utilities Group in a research report on Friday. Credit Suisse Group raised United Utilities Group to a “neutral” rating and set a GBX 850 ($11.53) target price for the company in a research report on Friday, January 5th. JPMorgan Chase & Co. decreased their target price on United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an “overweight” rating for the company in a research report on Thursday, December 7th. HSBC lowered United Utilities Group to a “hold” rating and decreased their target price for the company from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research report on Friday, November 17th. Finally, Barclays reaffirmed an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. One 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 presently has an average rating of “Hold” and an average price target of GBX 943.67 ($12.80).
The stock has a market capitalization of $5,230.00 and a price-to-earnings ratio of 1,216.78.
In other news, insider Simon Gardiner sold 4,843 shares of United Utilities Group stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of GBX 810 ($10.98), for a total value of £39,228.30 ($53,198.13). Also, insider Steven L. Mogford sold 217,500 shares of United Utilities Group stock in a transaction on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($10.86), for a total value of £1,742,175 ($2,362,591.54). Insiders sold a total of 226,743 shares of company stock worth $181,743,930 over 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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