On Wednesday Investec Capital upgraded its broker consensus on shares of United Utilities Group (LON:UU) giving the company a ‘Buy’ rating.
Investec Capital gave shares of United Utilities Group a price target of 870 indicating a potential decrease of -9.07% from United Utilities Group’s current price of 956.75.
In the prior 12 months United Utilities Group’s stock price has increased by 1.71% from 940.71 to 956.75.
United Utilities Group has 681,888,000 shares in issue which have a share price of 956.75 giving United Utilities Group a market capitalisation of 6.52B GBp .
The 52 week high of United Utilities Group’s shares is 1065.55 whilst the 52 week low for the company’s shares is 884. The 50 day moving average of LON:UU is 973.32 and the 200 day moving average is 972.07.
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. It collects water from the environment, clean and distributes it to its customers before collecting it, treating it, and then returning it back to the environment. The Company produced approximately 138 Gigawatt hours (GWh) of renewable energy through sludge treatment centers and solar installations, enough to power over 40,000 homes. It delivers approximately 1,700 million liters of clean drinking water to its customers every day through over 40,000 kilometers of water pipes. United Utilities Water holds licenses to provide water and wastewater services to a population of approximately seven million people in the North West of England.