United Utilities Reports Half-Year Results In Line With Our Expectations
We are reaffirming our GBX 900 per share fair value estimate for United Utilities Group, along with our narrow economic moat and stable moat trend ratings, after management reported half-year operating profit of GBP 342 million, up 13% from half-year 2016. This is roughly in line with the 12% growth that we expect over the full year. The company increased the interim dividend per ordinary share 2.2%, in line with management's policy of increasing the dividend in line with the U.K. retail price i...
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