United Utilities Group PLC (LON:UU) announced a dividend on Friday, May 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 25th will be given a dividend of GBX 28.40 ($0.37) per share on Monday, August 3rd. This represents a dividend yield of 3.28%. The ex-dividend date is Thursday, June 25th. This is an increase from United Utilities Group’s previous dividend of $14.20. The official announcement can be viewed at this link.
UU stock opened at GBX 882.20 ($11.60) on Friday. United Utilities Group has a 1-year low of GBX 625 ($8.22) and a 1-year high of GBX 1,104 ($14.52). The firm has a market cap of $6.06 billion and a P/E ratio of 19.47. The business’s 50 day moving average is GBX 889.42 and its 200-day moving average is GBX 920.40. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 279.02.
Several research analysts have recently commented on the company. Royal Bank of Canada raised United Utilities Group to an “outperform” rating and reduced their target price for the stock from GBX 1,025 ($13.48) to GBX 975 ($12.83) in a report on Tuesday, April 7th. Goldman Sachs Group reduced their target price on United Utilities Group from GBX 1,011 ($13.30) to GBX 996 ($13.10) and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group reduced their target price on United Utilities Group from GBX 1,120 ($14.73) to GBX 1,070 ($14.08) and set a “buy” rating on the stock in a report on Monday, April 6th. HSBC raised United Utilities Group to a “buy” rating in a report on Thursday, April 9th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of United Utilities Group in a report on Friday, April 24th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. United Utilities Group currently has a consensus rating of “Buy” and a consensus target price of GBX 1,007.90 ($13.26).
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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