United Utilities Group PLC (UU) Receives GBX 791.29 Consensus Target Price from Brokerages

Shares of United Utilities Group PLC (LON:UU) have been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 799 ($10.44).

Several research firms recently commented on UU. Deutsche Bank raised shares of United Utilities Group to a “hold” rating and raised their price objective for the stock from GBX 820 ($10.71) to GBX 850 ($11.11) in a report on Tuesday, October 2nd. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 530 ($6.93) price objective on shares of United Utilities Group in a report on Tuesday, September 18th. Credit Suisse Group reaffirmed an “outperform” rating on shares of United Utilities Group in a report on Wednesday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of United Utilities Group from GBX 1,000 ($13.07) to GBX 950 ($12.41) and set an “overweight” rating for the company in a report on Tuesday, December 11th. Finally, Royal Bank of Canada cut their price objective on shares of United Utilities Group from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set an “outperform” rating for the company in a report on Monday, November 26th.

United Utilities Group stock opened at GBX 767.60 ($10.03) on Friday. United Utilities Group has a twelve month low of GBX 648.60 ($8.48) and a twelve month high of GBX 1,078 ($14.09).

The company also recently announced a dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, December 20th will be paid a GBX 13.76 ($0.18) dividend. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, December 20th.

United Utilities Group Company Profile

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.

Read More: Systematic Risk

Analyst Recommendations for United Utilities Group (LON:UU)

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