Deutsche Bank AG Downgrades United Utilities Group PLC (UU) to Hold

Deutsche Bank AG cut shares of United Utilities Group PLC (LON:UU) to a hold rating in a research report released on Tuesday, May 16th. They currently have GBX 1,050 ($13.28) price objective on the stock, up from their prior price objective of GBX 1,000 ($12.65).

UU has been the topic of a number of other reports. Royal Bank Of Canada restated a sector perform rating and issued a GBX 1,000 ($12.65) price target on shares of United Utilities Group PLC in a research note on Monday, January 30th. Credit Suisse Group restated an outperform rating and issued a GBX 1,000 ($12.65) price target on shares of United Utilities Group PLC in a research note on Monday, February 6th. Barclays PLC cut their target price on United Utilities Group PLC from GBX 970 ($12.27) to GBX 900 ($11.39) and set an equal weight rating on the stock in a research report on Wednesday, January 18th. HSBC Holdings plc lifted their target price on United Utilities Group PLC from GBX 1,060 ($13.41) to GBX 1,070 ($13.54) and gave the stock a buy rating in a research report on Wednesday, April 26th. Finally, Macquarie cut their target price on United Utilities Group PLC from GBX 1,100 ($13.92) to GBX 1,000 ($12.65) and set an outperform rating on the stock in a research report on Tuesday, January 24th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 1,012.50 ($12.81).

Shares of United Utilities Group PLC (UU) opened at 965.50 on Tuesday. The company has a 50-day moving average price of GBX 1,009.40 and a 200-day moving average price of GBX 957.60. The company’s market capitalization is GBX 6.58 billion. United Utilities Group PLC has a 52 week low of GBX 853.50 and a 52 week high of GBX 1,078.00.

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The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 22nd will be given a dividend of GBX 25.92 ($0.33) per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a dividend yield of 2.45%.

United Utilities Group PLC Company Profile

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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