Rating Alert: JP Morgan Cazenove Reaffirms a “Overweight” Rating on United Utilities Group PLC (LON:UU) and GBX 1120.00 Target

November 24, 2016 - By Linda Rogers

United Utilities Group PLC (LON:UU) Rating

In a report made public on Thursday morning, United Utilities Group PLC (LON:UU) stock “Overweight” was reconfirmed by Analysts at JP Morgan Cazenove. They currently have a GBX 1120.00 PT on the stock. JP Morgan Cazenove’s PT suggests a potential upside of 24.13% from the company’s last price.

United Utilities Group PLC (LON:UU) Ratings Coverage

Out of 18 analysts covering United Utilities Group PLC (LON:UU), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. GBX 2210 is the highest target while GBX 788 is the lowest. The GBX 1055.06 average target is 17.75% above today’s (GBX 896) stock price. United Utilities Group PLC has been the topic of 91 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Monday, August 17 by Bernstein. The stock of United Utilities Group PLC (LON:UU) has “Neutral” rating given on Thursday, July 21 by Credit Suisse. As per Friday, December 11, the company rating was maintained by Deutsche Bank. The stock of United Utilities Group PLC (LON:UU) has “Outperform” rating given on Monday, September 7 by Bernstein. The firm has “Neutral” rating by Citigroup given on Wednesday, November 16. The firm has “Neutral” rating given on Friday, October 23 by Goldman Sachs. BNP Paribas maintained it with “Neutral” rating and GBX 900 target price in Thursday, January 21 report. The firm has “Underweight” rating by Morgan Stanley given on Friday, December 11. The stock has “Hold” rating given by Societe Generale on Wednesday, October 5. The firm earned “Buy” rating on Friday, June 24 by Deutsche Bank.

About 767,949 shares traded hands. United Utilities Group PLC (LON:UU) has declined 4.25% since April 27, 2016 and is downtrending. It has underperformed by 9.66% the S&P500.

United Utilities Group PLC is a water company. The company has a market cap of 6.11 billion GBP. The Company, through its subsidiary, United Utilities Water Limited , manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It has a 15.4 P/E ratio. It owns over 55,000 hectares of land around its reservoirs.

Another recent and important United Utilities Group PLC (LON:UU) news was published by Marketwatch.com which published an article titled: “United Utilities profit down; holds to guidance” on November 23, 2016.

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