Royal Bank of Canada reiterated their outperform rating on shares of United Utilities Group (LON:UU) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Macquarie upgraded shares of AGL Energy from an underperform rating to a neutral rating in a research note on Monday, June 17th. Barclays restated a top pick rating and set a GBX 3,250 ($42.47) price target on shares of in a research note on Wednesday, June 19th. Goldman Sachs Group started coverage on shares of Colfax in a research note on Friday, April 5th. They set a buy rating and a $34.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th. Finally, Credit Suisse Group set a €19.00 ($22.09) price target on shares of K&S and gave the company a neutral rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 860.33 ($11.24).
Shares of United Utilities Group stock opened at GBX 778 ($10.17) on Thursday. The company has a debt-to-equity ratio of 251.25, a current ratio of 0.69 and a quick ratio of 0.58. 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 firm has a market cap of $5.31 billion and a price-to-earnings ratio of 14.62. The company’s 50 day moving average is GBX 800.12.
The firm also recently disclosed a dividend, which will be paid on Thursday, August 1st. Stockholders of record on Thursday, June 20th will be issued a GBX 27.52 ($0.36) dividend. This is an increase from United Utilities Group’s previous dividend of $13.76. This represents a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 20th. United Utilities Group’s dividend payout ratio is 0.77%.
In other news, insider Steven L. Mogford sold 99,075 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of GBX 821 ($10.73), for a total value of £813,405.75 ($1,062,858.68). Also, insider Russ Houlden sold 22,168 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 790 ($10.32), for a total transaction of £175,127.20 ($228,834.71). Insiders sold a total of 124,495 shares of company stock worth $101,539,447 over the last ninety days.
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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