United Utilities Group (LON:UU) PT Lowered to GBX 900

United Utilities Group (LON:UU) had its target price dropped by analysts at JPMorgan Chase & Co. from GBX 920 ($12.02) to GBX 900 ($11.76) in a research note issued on Monday, Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.32% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of United Utilities Group from GBX 910 ($11.89) to GBX 950 ($12.41) and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Goldman Sachs Group raised their target price on shares of United Utilities Group from GBX 815 ($10.65) to GBX 825 ($10.78) and gave the stock a “neutral” rating in a research note on Friday, April 5th. Deutsche Bank cut shares of United Utilities Group to a “hold” rating and set a GBX 850 ($11.11) target price for the company. in a research note on Monday, March 25th. Credit Suisse Group raised their target price on shares of United Utilities Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Finally, Macquarie restated an “outperform” rating and set a GBX 950 ($12.41) target price on shares of United Utilities Group in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 860.33 ($11.24).

Shares of UU opened at GBX 794.20 ($10.38) on Monday. The firm has a market capitalization of $5.42 billion and a P/E ratio of 14.93. United Utilities Group has a 1-year low of GBX 674.40 ($8.81) and a 1-year high of GBX 879.60 ($11.49). The stock’s fifty day moving average price is GBX 801.49. The company has a debt-to-equity ratio of 251.25, a quick ratio of 0.58 and a current ratio of 0.69.

In related news, insider Russ Houlden sold 3,252 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 826 ($10.79), for a total transaction of £26,861.52 ($35,099.33). Also, insider Steven L. Mogford sold 99,075 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of GBX 821 ($10.73), for a total transaction of £813,405.75 ($1,062,858.68). Over the last ninety days, insiders have sold 124,495 shares of company stock worth $101,539,447.

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.

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Analyst Recommendations for United Utilities Group (LON:UU)

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