United Utilities Group (LON:UU) Announces Earnings Results

United Utilities Group (LON:UU) issued its earnings results on Thursday. The company reported GBX 52.80 EPS for the quarter, Digital Look Earnings reports. United Utilities Group had a return on equity of 6.35% and a net margin of 6.51%.

United Utilities Group Price Performance

Shares of UU traded down GBX 7.50 during trading hours on Thursday, reaching GBX 1,201. 1,388,856 shares of the company’s stock traded hands, compared to its average volume of 328,047. The company has a market cap of £8.23 billion, a price-to-earnings ratio of 64.83, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41. The company has a debt-to-equity ratio of 551.89, a current ratio of 1.79 and a quick ratio of 1.13. The stock has a fifty day simple moving average of GBX 1,166.34 and a two-hundred day simple moving average of GBX 1,144.85.

Analysts Set New Price Targets

UU has been the topic of a number of research reports. Barclays raised shares of United Utilities Group to an “overweight” rating and increased their target price for the stock from GBX 1,280 to GBX 1,535 in a report on Wednesday, August 20th. Citigroup raised their target price on shares of United Utilities Group from GBX 1,261 to GBX 1,327 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,275 target price on shares of United Utilities Group in a research note on Friday, November 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,379.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.