United Utilities Group’s (UU) Outperform Rating Reiterated at Royal Bank of Canada
United Utilities Group (LON:UU)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a note issued to investors on Monday. They currently have a GBX 1,050 ($13.54) target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 46.85% from the company’s current price.
Several other equities research analysts have also commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of United Utilities Group in a research note on Friday, July 27th. Deutsche Bank reiterated a “hold” rating on shares of United Utilities Group in a research note on Friday, July 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United Utilities Group in a research note on Wednesday, June 27th. HSBC reiterated a “hold” rating and set a GBX 820 ($10.58) price objective on shares of United Utilities Group in a research note on Tuesday, August 28th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of United Utilities Group in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 860.50 ($11.10).
LON:UU opened at GBX 715 ($9.22) on Monday. United Utilities Group has a 12 month low of GBX 648.60 ($8.37) and a 12 month high of GBX 1,078 ($13.91).
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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