Shares of United Utilities Group PLC (LON:UU) dropped 0.6% during trading on Thursday . The stock traded as low as GBX 855 ($11.24) and last traded at GBX 855 ($11.24). Approximately 1,623,196 shares changed hands during trading, a decline of 12% from the average daily volume of 1,837,310 shares. The stock had previously closed at GBX 860 ($11.31).
UU has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,050 ($13.80) target price on shares of United Utilities Group PLC in a report on Monday, June 26th. Credit Suisse Group downgraded shares of United Utilities Group PLC to an “underperform” rating and reduced their target price for the stock from GBX 1,000 ($13.15) to GBX 850 ($11.18) in a report on Friday, June 30th. Morgan Stanley reduced their target price on shares of United Utilities Group PLC from GBX 905 ($11.90) to GBX 890 ($11.70) and set an “underweight” rating for the company in a report on Friday, July 7th. HSBC Holdings plc reduced their target price on shares of United Utilities Group PLC from GBX 1,070 ($14.07) to GBX 1,000 ($13.15) and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Royal Bank Of Canada raised shares of United Utilities Group PLC to an “outperform” rating and lifted their target price for the stock from GBX 1,025 ($13.48) to GBX 1,050 ($13.80) in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 960.33 ($12.63).
The stock’s 50 day moving average price is GBX 881.76 and its 200-day moving average price is GBX 936.64. The firm’s market capitalization is GBX 5.77 billion.
In other news, insider Steven Fraser sold 6,917 shares of United Utilities Group PLC stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.82), for a total value of £62,183.83 ($81,756.28).
About United Utilities Group PLC
United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.
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