J P Morgan Chase & Co Reaffirms “Overweight” Rating for United Utilities Group PLC (UU)

J P Morgan Chase & Co reiterated their overweight rating on shares of United Utilities Group PLC (LON:UU) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 1,070 ($14.12) price objective on the stock.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank AG restated a hold rating and issued a GBX 930 ($12.27) price target on shares of United Utilities Group PLC in a research report on Wednesday, September 6th. Credit Suisse Group downgraded shares of United Utilities Group PLC to an underperform rating and reduced their price target for the stock from GBX 1,000 ($13.20) to GBX 850 ($11.22) in a research report on Friday, June 30th. HSBC Holdings plc reduced their price target on shares of United Utilities Group PLC from GBX 1,070 ($14.12) to GBX 1,000 ($13.20) and set a buy rating on the stock in a research report on Friday, July 21st. Morgan Stanley reduced their price target on shares of United Utilities Group PLC from GBX 890 ($11.74) to GBX 850 ($11.22) and set an underweight rating on the stock in a research report on Tuesday, July 18th. Finally, Macquarie reduced their price target on shares of United Utilities Group PLC from GBX 1,040 ($13.72) to GBX 963 ($12.71) and set a neutral rating on the stock in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 965.38 ($12.74).

Shares of United Utilities Group PLC (LON UU) opened at 830.00 on Thursday. The stock has a 50 day moving average of GBX 861.47 and a 200-day moving average of GBX 925.47. United Utilities Group PLC has a one year low of GBX 817.00 and a one year high of GBX 1,078.00. The stock’s market capitalization is GBX 5.66 billion.

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In other United Utilities Group PLC news, insider Steven Fraser sold 6,917 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.86), for a total transaction of £62,183.83 ($82,058.37).

About United Utilities Group PLC

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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