By Alexander Bueso
Date: Wednesday 09 Mar 2016
LONDON (ShareCast) - (ShareCast News) - Analysts at Citi on Wednesday recommended investors turn off the tap, cautioning they were increasingly concerned about UK water utilities' premium valuation.
Their share prices had run up by 83% since 2010, outperforming the wider sector by 101% during that time frame, analyst Jenny Ping said in a research note sent to clients.
She downgraded her recommendation on Pennon and Severn Trent to 'sell', while leaving its stance on United Utilities - its preferred UK play in the sector - at 'neutral'.
Ping flagged the risks the sector was facing including, potential changes to tax legislation, the at least £8bn-worth of regulatory asset valuations put up for sale and unsupportive falling return spreads.
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Currency | UK Pounds |
Share Price | 2,474.00p |
Change Today | -46.00p |
% Change | -1.83 % |
52 Week High | 2,728.00 |
52 Week Low | 2,265.00 |
Volume | 1,046,699 |
Shares Issued | 299.81m |
Market Cap | £7,417m |
RiskGrade | 109 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 3 |
Buy | 3 |
Neutral | 1 |
Sell | 3 |
Strong Sell | 2 |
Total | 12 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 30-May-24 | 30-Nov-23 |
Paid | 17-Jul-24 | 10-Jan-24 |
Amount | 70.10p | 46.74p |
Time | Volume / Share Price |
17:10 | 32,346 @ 2,477.57p |
16:42 | 39,660 @ 2,484.01p |
16:35 | 2,563 @ 2,474.00p |
16:35 | 507,491 @ 2,474.00p |
16:35 | 1 @ 2,474.00p |
CEO | Olivia (Liv) Garfield |
Chair | Christine Mary Hodgson |
CFO | Helen Miles |
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