Making a Splash!

Hold at 253p (this week’s price 253p) suggests Deutsche Bank.

Northumbrian Water has increased by 45pc year-to-date; making it the top performing water stock this year notes Deutsche. Although recent half year results were in-line with Deutsche’s expectations, NWG is now trading at marginally above the broker’s 240p price target and therefore it has moved from positive to neutral regarding the shares.

While the broker believes that the current share price is well supported by fundamentals and that it is a well run and efficient company, it believes the shares offer limited upside from current levels.