Shares of United Utilities (LON:UU) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 909.50 ($13.02).
Several research firms recently issued reports on UU. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 1,000 ($14.32) price target on shares of United Utilities in a report on Friday, March 9th. Morgan Stanley lowered their target price on shares of United Utilities from GBX 840 ($12.03) to GBX 735 ($10.52) and set an “underweight” rating for the company in a research note on Tuesday, March 6th. Deutsche Bank reiterated a “buy” rating on shares of United Utilities in a research note on Friday, March 16th. Credit Suisse Group upgraded shares of United Utilities to a “neutral” rating and set a GBX 850 ($12.17) target price for the company in a research note on Friday, January 5th. Finally, Goldman Sachs reiterated a “neutral” rating and set a GBX 778 ($11.14) target price on shares of United Utilities in a research note on Friday, January 26th.
In related news, insider Russ Houlden sold 14,481 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 704 ($10.08), for a total value of £101,946.24 ($145,971.13).
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About United Utilities
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, and property management activities; and the provision of consulting and project management services. The company operates 43,000 kilometers (km) of pipes; 77,000 km of sewerage pipes; 567 wastewater treatment works; and 91 water treatment works.
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