Jefferies Financial Group Downgrades United Utilities Group (LON:UU) to Underperform

United Utilities Group (LON:UU) was downgraded by stock analysts at Jefferies Financial Group to an “underperform” rating in a note issued to investors on Thursday, September 19th, Digital Look reports. They presently have a GBX 660 ($8.62) target price on the stock, down from their previous target price of GBX 870 ($11.37). Jefferies Financial Group’s price objective points to a potential downside of 21.78% from the company’s previous close.

A number of other analysts also recently issued reports on UU. Royal Bank of Canada downgraded United Utilities Group to a “sector perform” rating and lowered their price target for the stock from GBX 950 ($12.41) to GBX 850 ($11.11) in a research report on Friday, September 6th. Deutsche Bank upgraded United Utilities Group to a “buy” rating and raised their price target for the stock from GBX 820 ($10.71) to GBX 850 ($11.11) in a research report on Tuesday, July 23rd. Credit Suisse Group restated an “outperform” rating on shares of United Utilities Group in a research report on Friday, September 13th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 900 ($11.76) price target on shares of United Utilities Group in a research report on Thursday, September 5th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 950 ($12.41) target price on shares of United Utilities Group in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 863.50 ($11.28).

Shares of LON UU traded up GBX 52.60 ($0.69) during midday trading on Thursday, reaching GBX 843.80 ($11.03). 3,299,603 shares of the stock traded hands, compared to its average volume of 2,840,000. The stock has a market capitalization of $5.75 billion and a PE ratio of 15.86. The company’s 50 day moving average is GBX 798.57 and its 200 day moving average is GBX 802.81. United Utilities Group has a one year low of GBX 674.40 ($8.81) and a one year high of GBX 879.60 ($11.49). The company has a debt-to-equity ratio of 251.25, a current ratio of 0.69 and a quick ratio of 0.58.

In other United Utilities Group news, insider Russ Houlden sold 7,300 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of GBX 778 ($10.17), for a total value of £56,794 ($74,211.42). Also, insider Steven L. Mogford sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 770 ($10.06), for a total value of £315,700 ($412,517.97).

United Utilities Group Company Profile

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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