Liberum Capital downgraded shares of United Utilities Group (LON:UU) to a hold rating in a research note issued to investors on Friday morning. They currently have GBX 950 ($12.41) target price on the stock, up from their prior target price of GBX 700 ($9.15).
Several other brokerages have also recently weighed in on UU. Royal Bank of Canada reissued an outperform rating on shares of United Utilities Group in a research note on Wednesday, February 6th. Goldman Sachs Group boosted their price objective on United Utilities Group from GBX 753 ($9.84) to GBX 787 ($10.28) and gave the stock a neutral rating in a research note on Thursday, January 24th. HSBC boosted their price objective on United Utilities Group from GBX 820 ($10.71) to GBX 840 ($10.98) and gave the stock a hold rating in a research note on Friday, January 18th. Barclays assumed coverage on United Utilities Group in a research note on Wednesday, January 30th. They set an equal weight rating and a GBX 910 ($11.89) price objective on the stock. Finally, Morgan Stanley reissued an underweight rating on shares of United Utilities Group in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 848.73 ($11.09).
Shares of UU stock opened at GBX 823.40 ($10.76) on Friday. United Utilities Group has a 12-month low of GBX 648.60 ($8.48) and a 12-month high of GBX 1,078 ($14.09).
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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