United Utilities Group (LON:UU) Earns “Outperform” Rating from Royal Bank of Canada

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Royal Bank of Canada reiterated their outperform rating on shares of United Utilities Group (LON:UU) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on the stock. Macquarie raised shares of AGL Energy from an underperform rating to a neutral rating in a research note on Monday, June 17th. Barclays reaffirmed a top pick rating and set a GBX 3,250 ($42.47) price objective on shares of in a research note on Wednesday, June 19th. JPMorgan Chase & Co. raised shares of M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of K&S and gave the company a neutral rating in a research note on Tuesday, May 14th. Finally, Deutsche Bank upped their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 860.33 ($11.24).

Shares of LON:UU opened at GBX 778 ($10.17) on Thursday. The company has a market capitalization of $5.31 billion and a P/E ratio of 14.62. The company’s 50-day moving average price is GBX 800.12. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 251.25. United Utilities Group has a 12 month low of GBX 674.40 ($8.81) and a 12 month high of GBX 879.60 ($11.49).

The business also recently declared a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, June 20th will be paid a GBX 27.52 ($0.36) dividend. This is an increase from United Utilities Group’s previous dividend of $13.76. This represents a yield of 3.59%. The ex-dividend date is Thursday, June 20th. United Utilities Group’s dividend payout ratio is presently 0.77%.

In other United Utilities Group news, insider Steven L. Mogford sold 99,075 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of GBX 821 ($10.73), for a total transaction of £813,405.75 ($1,062,858.68). Also, insider Russ Houlden sold 3,252 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 826 ($10.79), for a total transaction of £26,861.52 ($35,099.33). Over the last three months, insiders sold 124,495 shares of company stock valued at $101,539,447.

About United Utilities Group

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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