Shares of United Utilities Group PLC (LON:UU) dropped 1.7% during mid-day trading on Wednesday . The company traded as low as GBX 767.80 ($10.41) and last traded at GBX 768.60 ($10.42). Approximately 3,715,325 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 2,170,000 shares. The stock had previously closed at GBX 782.20 ($10.61).
A number of analysts have commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,070 ($14.51) price objective on shares of United Utilities Group in a research report on Thursday, October 26th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 850 ($11.53) price objective on shares of United Utilities Group in a research report on Thursday, November 2nd. Deutsche Bank restated a “hold” rating and set a GBX 930 ($12.61) target price on shares of United Utilities Group in a research report on Tuesday, November 7th. Barclays restated an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. Finally, HSBC downgraded United Utilities Group to a “hold” rating and cut their target price for the stock from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. United Utilities Group currently has an average rating of “Hold” and a consensus price target of GBX 943.67 ($12.80).
The company has a market cap of $5,200.00 and a PE ratio of 1,211.11.
In other United Utilities Group news, insider Russ Houlden sold 4,400 shares of United Utilities Group stock in a transaction on Monday, December 11th. The stock was sold at an average price of GBX 819 ($11.11), for a total value of £36,036 ($48,869.00). Also, insider Simon Gardiner sold 4,843 shares of United Utilities Group stock in a transaction 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). In the last quarter, insiders sold 226,743 shares of company stock valued at $181,743,930.
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United Utilities Group Company Profile
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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