United Utilities Group (LON:UU) Announces Quarterly Earnings Results

United Utilities Group (LON:UU) posted its earnings results on Thursday. The company reported GBX 52.80 earnings per share for the quarter, Digital Look Earnings reports. United Utilities Group had a return on equity of 6.35% and a net margin of 6.51%.

United Utilities Group Trading Down 0.6%

United Utilities Group stock traded down GBX 7.50 during midday trading on Thursday, reaching GBX 1,201. 1,388,856 shares of the stock traded hands, compared to its average volume of 328,047. The firm has a market capitalization of £8.23 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 0.69 and a beta of 0.41. The company has a debt-to-equity ratio of 551.89, a quick ratio of 1.13 and a current ratio of 1.79. The business has a 50-day simple moving average of GBX 1,166.34 and a 200-day simple moving average of GBX 1,144.85.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UU shares. Citigroup raised their price objective on United Utilities Group from GBX 1,261 to GBX 1,327 and gave the company a “buy” rating in a research report on Monday, November 3rd. UBS Group reiterated a “neutral” rating and issued a GBX 1,275 target price on shares of United Utilities Group in a research note on Friday, November 7th. Finally, Barclays raised United Utilities Group to an “overweight” rating and upped their price objective for the company from GBX 1,280 to GBX 1,535 in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,379.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.