United Utilities Group (UU) Receives “Buy” Rating from Deutsche Bank
United Utilities Group (LON:UU)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a report issued on Thursday. They currently have a GBX 870 ($11.71) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 7.67% from the company’s current price.
A number of other analysts have also commented on UU. J P Morgan Chase & Co dropped their price target on United Utilities Group from GBX 1,070 ($14.40) to GBX 1,000 ($13.46) and set an “overweight” rating on the stock in a report on Thursday, December 7th. Macquarie dropped their price target on United Utilities Group from GBX 1,040 ($14.00) to GBX 963 ($12.96) and set a “neutral” rating on the stock in a report on Thursday, August 31st. Barclays reiterated an “equal weight” rating on shares of United Utilities Group in a report on Tuesday, November 14th. Credit Suisse Group reiterated an “underperform” rating and set a GBX 850 ($11.44) price target on shares of United Utilities Group in a report on Thursday, November 2nd. Finally, HSBC lowered United Utilities Group to a “hold” rating and dropped their price target for the stock from GBX 1,000 ($13.46) to GBX 900 ($12.11) in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 943.67 ($12.70).
Shares of United Utilities Group (LON UU) opened at GBX 808 ($10.87) on Thursday. United Utilities Group has a fifty-two week low of GBX 764.50 ($10.29) and a fifty-two week high of GBX 1,078 ($14.51).
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About United Utilities Group
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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