Downgrading United Utilities' Moat Rating From Narrow to None; Shares Fairly Valued
We are tweaking our fair value estimate for United Utilities from GBX 730 to GBX 700 after downgrading its moat rating from narrow to none. Our moat rating downgrade is driven by the sharp cut in allowed returns in the next regulatory period starting in 2020. We maintain the stable trend rating. Shares look fairly valued as of mid April. ÂWe downgrade our moat rating from narrow to none because of the significant cut in allowed returns from 3.6% to 2.3% as of 2020. Factoring in this cut, we cal...
United Utilities Group is a water company. Through its subsidiary, United Utilities Water Limited, Co. provides water and wastewater services to peoples in the North West of England.
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