United Utilities Group (LON:UU) Price Target Increased to GBX 868 by Analysts at Goldman Sachs Group

United Utilities Group (LON:UU) had its target price raised by Goldman Sachs Group from GBX 815 ($10.65) to GBX 868 ($11.34) in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 0.37% from the stock’s current price.

A number of other brokerages have also recently issued reports on UU. HSBC cut shares of United Utilities Group to a “reduce” rating and cut their target price for the stock from GBX 860 ($11.24) to GBX 760 ($9.93) in a report on Friday, November 8th. Jefferies Financial Group lowered United Utilities Group to an “underperform” rating and lowered their target price for the company from GBX 870 ($11.37) to GBX 660 ($8.62) in a report on Thursday, September 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 900 ($11.76) target price on shares of United Utilities Group in a report on Thursday, September 5th. Royal Bank of Canada downgraded United Utilities Group to a “sector perform” rating and cut their price target for the stock from GBX 950 ($12.41) to GBX 850 ($11.11) in a report on Friday, September 6th. Finally, Barclays reissued an “equal weight” rating on shares of United Utilities Group in a report on Thursday, November 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 859.80 ($11.23).

LON UU opened at GBX 864.80 ($11.30) on Wednesday. The company has a debt-to-equity ratio of 279.02, a quick ratio of 0.84 and a current ratio of 0.94. United Utilities Group has a one year low of GBX 713 ($9.32) and a one year high of GBX 895.60 ($11.70). The company has a 50-day simple moving average of GBX 864.22 and a 200-day simple moving average of GBX 812.55. The firm has a market capitalization of $5.88 billion and a PE ratio of 19.09.

In other United Utilities Group news, insider Russ Houlden sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 867 ($11.33), for a total value of £43,350 ($56,644.45). Also, insider Steven L. Mogford sold 41,000 shares of United Utilities Group stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 770 ($10.06), for a total value of £315,700 ($412,517.97). Insiders have sold a total of 53,300 shares of company stock valued at $41,584,400 over the last three months.

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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Analyst Recommendations for United Utilities Group (LON:UU)

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