United Utilities Group (LON:UU) had its price objective hoisted by Goldman Sachs Group from GBX 986 ($12.97) to GBX 1,011 ($13.30) in a research note released on Tuesday morning, Stock Target Advisor reports. Goldman Sachs Group currently has a neutral rating on the stock.
Several other analysts have also recently commented on UU. Barclays raised United Utilities Group to an overweight rating and raised their price target for the company from GBX 940 ($12.37) to GBX 960 ($12.63) in a report on Friday, December 13th. Jefferies Financial Group raised their price target on United Utilities Group from GBX 1,100 ($14.47) to GBX 1,120 ($14.73) and gave the company a buy rating in a report on Wednesday, March 4th. Citigroup cut United Utilities Group to a neutral rating and raised their price target for the company from GBX 865 ($11.38) to GBX 1,128 ($14.84) in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on United Utilities Group from GBX 900 ($11.84) to GBX 1,100 ($14.47) and gave the company an overweight rating in a report on Tuesday, February 18th. Finally, HSBC raised United Utilities Group to a hold rating and raised their price target for the company from GBX 900 ($11.84) to GBX 1,000 ($13.15) in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. United Utilities Group presently has an average rating of Buy and an average target price of GBX 1,021.40 ($13.44).
UU opened at GBX 888.40 ($11.69) on Tuesday. The company has a debt-to-equity ratio of 279.02, a current ratio of 0.94 and a quick ratio of 0.84. The business has a 50 day simple moving average of GBX 950.61 and a 200-day simple moving average of GBX 902.80. The stock has a market capitalization of $6.07 billion and a P/E ratio of 19.61. United Utilities Group has a 12 month low of GBX 744.20 ($9.79) and a 12 month high of GBX 1,104 ($14.52).
In related news, insider Russ Houlden sold 18,000 shares of United Utilities Group stock in a transaction on Friday, February 14th. The stock was sold at an average price of GBX 1,002 ($13.18), for a total transaction of £180,360 ($237,253.35).
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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