United Utilities Group (LON:UU – Get Rating)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat Ratings reports.
Other research analysts have also issued reports about the company. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 1,100 ($13.50) price objective on shares of United Utilities Group in a report on Tuesday, May 3rd. Morgan Stanley restated an “underweight” rating on shares of United Utilities Group in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,160 ($14.23) target price on shares of United Utilities Group in a research note on Friday, May 27th.
UU stock traded up GBX 23 ($0.28) during mid-day trading on Tuesday, hitting GBX 1,035 ($12.70). The stock had a trading volume of 2,760,139 shares, compared to its average volume of 328,047. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 269.83. United Utilities Group has a 1-year low of GBX 922 ($11.31) and a 1-year high of GBX 1,186.88 ($14.56). The company has a fifty day moving average of GBX 1,086.40 and a 200 day moving average of GBX 1,082.73. The stock has a market capitalization of £7.06 billion and a price-to-earnings ratio of -124.70.
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In related news, insider Steven L. Mogford sold 53,659 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of GBX 1,047 ($12.85), for a total transaction of £561,809.73 ($689,252.52). Also, insider Steven L. Mogford sold 52,277 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of GBX 1,122 ($13.77), for a total value of £586,547.94 ($719,602.43).
United Utilities Group Company Profile (Get Rating)
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 waste treatment, consulting, and project management services. The company operates 42,000 kilometers of water pipes; 78,000 km of wastewater pipes; 567 wastewater treatment works; and 88 water treatment works.
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Source: marketbeat.com