Barclays Reiterates “Equal weight” Rating for United Utilities Group (LON:UU)
Several other brokerages have also issued reports on UU. Jefferies Financial Group lowered United Utilities Group to an “underperform” rating and reduced their price target for the company from GBX 870 ($11.37) to GBX 660 ($8.62) in a report on Thursday, September 19th. Deutsche Bank raised United Utilities Group to a “buy” rating and raised their price objective for the company from GBX 820 ($10.71) to GBX 850 ($11.11) in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 900 ($11.76) price objective on shares of United Utilities Group in a research note on Thursday, September 5th. Credit Suisse Group reissued an “outperform” rating on shares of United Utilities Group in a research note on Monday, October 14th. Finally, Royal Bank of Canada downgraded United Utilities Group to a “sector perform” rating and cut their price objective for the company from GBX 950 ($12.41) to GBX 850 ($11.11) in a research note on Friday, September 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 855.50 ($11.18).
Shares of United Utilities Group stock opened at GBX 868.31 ($11.35) on Thursday. The firm has a market cap of $5.88 billion and a price-to-earnings ratio of 16.32. The company has a debt-to-equity ratio of 251.25, a current ratio of 0.69 and a quick ratio of 0.58. United Utilities Group has a 52-week low of GBX 713 ($9.32) and a 52-week high of GBX 895.60 ($11.70). The stock has a 50-day simple moving average of GBX 842.66 and a 200-day simple moving average of GBX 807.77.
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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