Brokerages Set United Utilities Group PLC (UU) Target Price at $865.25
Shares of United Utilities Group PLC (LON:UU) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 865.25 ($11.04).
UU has been the topic of a number of analyst reports. Deutsche Bank reissued a “buy” rating on shares of United Utilities Group in a research note on Friday, May 4th. Morgan Stanley reissued an “underweight” rating on shares of United Utilities Group in a research note on Friday, July 27th. Credit Suisse Group raised United Utilities Group to an “outperform” rating and cut their price target for the company from GBX 850 ($10.84) to GBX 820 ($10.46) in a research note on Friday, May 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of United Utilities Group in a research note on Wednesday, June 27th.
Shares of UU stock traded up GBX 3.80 ($0.05) during trading hours on Tuesday, reaching GBX 752.20 ($9.60). The company had a trading volume of 1,339,935 shares, compared to its average volume of 2,840,000. United Utilities Group has a 1-year low of GBX 648.60 ($8.27) and a 1-year high of GBX 1,078 ($13.75).
In other United Utilities Group news, insider Steven Fraser acquired 28,095 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The shares were acquired at an average price of GBX 786 ($10.03) per share, with a total value of £220,826.70 ($281,702.64). In the last three months, insiders bought 28,144 shares of company stock worth $22,118,468.
United Utilities Group Company Profile
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.
Read More: Find a Trading Strategy That Works
Receive News & Ratings for United Utilities Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Utilities Group and related companies with MarketBeat.com's FREE daily email newsletter.