Goldman Sachs Group Boosts United Utilities Group (LON:UU) Price Target to GBX 868

United Utilities Group (LON:UU) had its price objective raised by stock analysts at Goldman Sachs Group from GBX 815 ($10.65) to GBX 868 ($11.34) in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 1.40% from the company’s previous close.

Several other research analysts have also recently issued reports on UU. Credit Suisse Group reaffirmed an “outperform” rating on shares of United Utilities Group in a research report on Monday, October 14th. Jefferies Financial Group downgraded shares of United Utilities Group to an “underperform” rating and reduced their price objective for the stock from GBX 870 ($11.37) to GBX 660 ($8.62) in a research report on Thursday, September 19th. HSBC lowered United Utilities Group to a “reduce” rating and reduced their target price for the company from GBX 860 ($11.24) to GBX 760 ($9.93) in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 900 ($11.76) price target on shares of United Utilities Group in a report on Thursday, September 5th. Finally, Deutsche Bank reissued a “buy” rating on shares of United Utilities Group in a research report on Friday, November 15th. 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. The stock currently has a consensus rating of “Hold” and an average price target of GBX 859.80 ($11.23).

UU opened at GBX 856 ($11.19) on Wednesday. United Utilities Group has a 1-year low of GBX 713 ($9.32) and a 1-year high of GBX 895.60 ($11.70). The company has a market cap of $5.84 billion and a price-to-earnings ratio of 18.90. The company’s fifty day moving average price is GBX 863.51 and its two-hundred day moving average price is GBX 811.90. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 279.02.

In other United Utilities Group news, insider Steven L. Mogford sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 770 ($10.06), for a total value of £315,700 ($412,517.97). Also, insider Russ Houlden sold 7,300 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of GBX 778 ($10.17), for a total value of £56,794 ($74,211.42). Insiders have sold a total of 53,300 shares of company stock worth $41,584,400 over the last quarter.

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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Analyst Recommendations for United Utilities Group (LON:UU)

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