United Utilities Group (UU) Given New GBX 860 Price Target at Credit Suisse Group

United Utilities Group (LON:UU) had its price objective lifted by Credit Suisse Group from GBX 800 ($10.45) to GBX 860 ($11.24) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on UU. Deutsche Bank reissued a hold rating on shares of United Utilities Group in a research report on Wednesday, May 1st. Goldman Sachs Group increased their price objective on shares of United Utilities Group from GBX 815 ($10.65) to GBX 825 ($10.78) and gave the stock a neutral rating in a research report on Friday, April 5th. Barclays increased their price objective on shares of United Utilities Group from GBX 910 ($11.89) to GBX 950 ($12.41) and gave the stock an equal weight rating in a research report on Friday, April 5th. Royal Bank of Canada reissued an outperform rating on shares of United Utilities Group in a research report on Wednesday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Utilities Group from GBX 950 ($12.41) to GBX 920 ($12.02) and set an overweight rating on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 854.91 ($11.17).

Shares of UU opened at GBX 779.20 ($10.18) on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 260.07. The firm has a market cap of $5.31 billion and a price-to-earnings ratio of 14.40. United Utilities Group has a 12 month low of GBX 674.40 ($8.81) and a 12 month high of GBX 879.60 ($11.49).

In related news, insider Steven L. Mogford sold 31,294 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of GBX 813 ($10.62), for a total value of £254,420.22 ($332,445.08).

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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