Barclays Upgrades United Utilities Group (LON:UU) to "Overweight"

Key Points

• United Utilities Group (LON:UU) has received an upgrade to an "overweight" rating from Barclays, with the price target increased to GBX 1,535, indicating a potential upside of 36.99% from its current market price.
• The company's stock opened at GBX 1,120.50 and has a market capitalization of £7.67 billion, along with a P/E ratio of 60.48.
• Recent insider activity includes a sale of 11,682 shares by Phil Aspin and a purchase of 3,000 shares by Ian El-Mokadem, highlighting ongoing investment interest among company insiders.

United Utilities Group (LON:UU - Get Free Report) was upgraded by research analysts at Barclays to an "overweight" rating in a report released on Wednesday, Marketbeat reports. The brokerage currently has a GBX 1,535 target price on the stock, up from their previous target price of GBX 1,280. Barclays's target price points to a potential upside of 31.59% from the stock's previous close.

United Utilities Group Trading Down 0.3%

United Utilities Group stock traded down GBX 4 during midday trading on Wednesday, reaching GBX 1,166.50. 910,361 shares of the stock traded hands, compared to its average volume of 328,047. The business has a 50-day simple moving average of GBX 1,131.78 and a 200-day simple moving average of GBX 1,082.56. The firm has a market capitalization of £7.99 billion, a price-to-earnings ratio of 62.97, a PEG ratio of 0.69 and a beta of 0.41. The company has a debt-to-equity ratio of 551.89, a quick ratio of 1.13 and a current ratio of 1.79.

Insider Activity at United Utilities Group

In other news, insider Ian El-Mokadem bought 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of GBX 1,168 per share, for a total transaction of £35,040. Also, insider Phil Aspin sold 11,682 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 1,161, for a total value of £135,628.02. Insiders bought 3,079 shares of company stock worth $3,593,203 in the last three months. 0.05% of the stock is owned by company insiders.

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.