United Utilities Group (LON:UU – Get Free Report) was upgraded by analysts at Barclays to an “overweight” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a GBX 1,535 target price on the stock, up from their previous target price of GBX 1,280. Barclays‘s price objective would suggest a potential upside of 32.38% from the company’s current price.
United Utilities Group Stock Performance
LON:UU opened at GBX 1,159.50 on Wednesday. The firm has a market capitalization of £7.94 billion, a P/E ratio of 62.59, a P/E/G ratio of 0.69 and a beta of 0.41. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 551.89. The firm has a 50-day moving average of GBX 1,131.80 and a 200-day moving average of GBX 1,080.52.
Insider Activity
In related news, insider Phil Aspin sold 11,682 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 1,161, for a total transaction of £135,628.02. Also, insider Louise Beardmore sold 4,691 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of GBX 1,161, for a total transaction of £54,462.51. In the last 90 days, insiders purchased 3,079 shares of company stock valued at $3,593,203. 0.05% of the stock is owned by insiders.
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.
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