United Utilities Group (LON:UU) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for United Utilities to GBX 1,450 (from GBX 1,300) while maintaining a "neutral" rating, implying about a 4.02% upside from the current share price.
• Shares opened at GBX 1,394 with a market cap of £9.55 billion; the stock shows a high valuation and leverage, trading on a P/E of 75.24 and a debt-to-equity ratio of 571.15.
• Insider Marina Wyatt bought 2,400 shares at GBX 1,269 on Feb. 5, and insiders purchased 2,426 shares in the last 90 days in total, though corporate insiders own only 0.05% of the company.

United Utilities Group (LON:UU - Get Free Report) had its target price lifted by JPMorgan Chase & Co. from GBX 1,300 to GBX 1,450 in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 4.02% from the stock's current price.

United Utilities Group Price Performance

LON UU opened at GBX 1,394 on Monday. The stock has a 50-day moving average of GBX 1,328.62 and a 200 day moving average of GBX 1,242.24. The company has a quick ratio of 1.13, a current ratio of 2.22 and a debt-to-equity ratio of 571.15. The stock has a market capitalization of £9.55 billion, a price-to-earnings ratio of 75.24, a price-to-earnings-growth ratio of 0.69 and a beta of 0.56.

Insider Buying and Selling

In other news, insider Marina Wyatt acquired 2,400 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average price of GBX 1,269 per share, for a total transaction of £30,456. Insiders purchased a total of 2,426 shares of company stock valued at $3,079,348 in the last 90 days. Corporate insiders own 0.05% of the company's stock.

About United Utilities Group

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. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.

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