Citigroup Issues Pessimistic Forecast for United Utilities Group (LON:UU) Stock Price

United Utilities Group (LON:UU) had its target price dropped by research analysts at Citigroup from £152.50 to GBX 1,340 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 4.77% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,320 price objective on shares of United Utilities Group in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of United Utilities Group from GBX 1,300 to GBX 1,450 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada upgraded shares of United Utilities Group to a “sector perform” rating and raised their price objective for the company from GBX 1,450 to GBX 1,550 in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,431.43.

United Utilities Group Stock Down 2.7%

Shares of LON:UU opened at GBX 1,279 on Tuesday. The company has a debt-to-equity ratio of 512.65, a quick ratio of 1.13 and a current ratio of 2.55. The firm has a market capitalization of £8.76 billion, a P/E ratio of 69.04, a P/E/G ratio of 0.69 and a beta of 0.58. The firm has a 50 day moving average price of GBX 1,349.79 and a 200-day moving average price of GBX 1,293.18.

United Utilities Group (LON:UU) last announced its quarterly earnings data on Thursday, April 30th. The company reported GBX 107.10 EPS for the quarter. The firm had revenue of GBX 261.63 billion during the quarter. United Utilities Group had a net margin of 22.43% and a return on equity of 27.72%. Analysts expect that United Utilities Group will post 50.9730539 EPS for the current year.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.