United Utilities On Track to Meet Half-Year Expectations; Shares Fairly Valued
We are reaffirming our GBX 700 per share fair value estimate, along with our no-moat and stable moat trend ratings, after United Utilities Group affirmed that first-half fiscal 2019 results should be in line with management's expectations. Detailed half-year results will be released on Nov. 21, 2018. Shares are fairly valued.Management mentioned that the extended period of hot and dry weather will entail additional costs of GBP 80 million in fiscal 2019. Half of this amount will be booked as no...
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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