United Utilities Group (UU) Upgraded to “Buy” at Deutsche Bank
Deutsche Bank upgraded shares of United Utilities Group (LON:UU) to a buy rating in a report released on Wednesday morning. They currently have GBX 870 ($11.71) price objective on the stock, down from their previous price objective of GBX 930 ($12.52).
Other equities research analysts also recently issued research reports about the company. Barclays reaffirmed an equal weight rating on shares of United Utilities Group in a research report on Tuesday, November 14th. HSBC downgraded United Utilities Group to a hold rating and lowered their price objective for the company from GBX 1,000 ($13.46) to GBX 900 ($12.11) in a research report on Friday, November 17th. Macquarie lowered their price objective on United Utilities Group from GBX 1,040 ($14.00) to GBX 963 ($12.96) and set a neutral rating for the company in a research report on Thursday, August 31st. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 1,070 ($14.40) price objective on shares of United Utilities Group in a research report on Thursday, October 26th. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a GBX 850 ($11.44) price objective on shares of United Utilities Group in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 943.67 ($12.70).
Shares of United Utilities Group (UU) opened at GBX 809.21 ($10.89) on Wednesday. United Utilities Group has a 1 year low of GBX 764.50 ($10.29) and a 1 year high of GBX 1,078 ($14.51).
The company also recently declared a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, December 21st will be given a dividend of GBX 13.24 ($0.18) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 21st.
In other United Utilities Group news, insider Simon Gardiner sold 4,843 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of GBX 810 ($10.90), for a total transaction of £39,228.30 ($52,797.17). In the last three months, insiders have acquired 60 shares of company stock valued at $52,475.
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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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