United Utilities Group (LON:UU) Lifted to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of United Utilities Group (LON:UU) to a buy rating in a research note published on Tuesday, Digital Look reports. They currently have GBX 1,100 ($14.47) price target on the stock, up from their prior price target of GBX 660 ($8.68).

Several other research firms have also recently issued reports on UU. Royal Bank of Canada boosted their price objective on shares of United Utilities Group from GBX 850 ($11.18) to GBX 1,025 ($13.48) and gave the company an outperform rating in a research report on Friday, January 17th. Deutsche Bank boosted their price objective on shares of United Utilities Group from GBX 980 ($12.89) to GBX 1,070 ($14.08) and gave the company a buy rating in a research report on Monday, February 3rd. Goldman Sachs Group boosted their price objective on shares of United Utilities Group from GBX 815 ($10.72) to GBX 868 ($11.42) and gave the company a neutral rating in a research report on Wednesday, December 4th. HSBC cut shares of United Utilities Group to a reduce rating and lowered their price objective for the company from GBX 860 ($11.31) to GBX 760 ($10.00) in a research report on Friday, November 8th. Finally, Barclays raised shares of United Utilities Group to an overweight rating and boosted their price objective for the company from GBX 940 ($12.37) to GBX 960 ($12.63) in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 943.67 ($12.41).

United Utilities Group stock opened at GBX 1,012 ($13.31) on Tuesday. The stock has a market cap of $6.90 billion and a price-to-earnings ratio of 22.34. The company has a debt-to-equity ratio of 279.02, a current ratio of 0.94 and a quick ratio of 0.84. United Utilities Group has a 1 year low of GBX 744.20 ($9.79) and a 1 year high of GBX 1,104 ($14.52). The firm has a 50-day moving average of GBX 982.96 and a two-hundred day moving average of GBX 871.96.

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, December 19th were given a GBX 14.20 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a dividend yield of 1.63%. United Utilities Group’s payout ratio is presently 0.93%.

In other news, insider Russ Houlden sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 867 ($11.40), for a total value of £43,350 ($57,024.47).

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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