UNITE Group plc (LON:UTG)‘s stock had its “hold” rating reaffirmed by research analysts at Liberum Capital in a research note issued to investors on Monday. They presently have a GBX 600 ($7.43) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 1.18% from the company’s previous close.
Several other brokerages also recently commented on UTG. Jefferies Group boosted their target price on shares of UNITE Group plc from GBX 575 ($7.12) to GBX 595 ($7.36) and gave the company a “hold” rating in a research note on Friday, August 19th. Morgan Stanley boosted their target price on shares of UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Numis Securities Ltd reiterated an “add” rating and set a GBX 734 ($9.08) price target on shares of UNITE Group plc in a research report on Friday, July 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 770 ($9.53) price target on shares of UNITE Group plc in a research report on Wednesday, July 27th. Finally, Peel Hunt upgraded shares of UNITE Group plc to an “add” rating and upped their price target for the stock from GBX 650 ($8.04) to GBX 675 ($8.35) in a research report on Monday, July 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 678.86 ($8.40).
UNITE Group plc (LON:UTG) opened at 589.75 on Monday. The firm has a 50 day moving average of GBX 624.97 and a 200 day moving average of GBX 627.03. UNITE Group plc has a one year low of GBX 550.50 and a one year high of GBX 682.50. The firm’s market capitalization is GBX 1.31 billion.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 6 ($0.07) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.94%.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($7.86), for a total transaction of £317,500 ($392,945.54).
About UNITE Group plc
The Unite Group plc is a United Kingdom-based developer and operator of student accommodation. The Company provides a home for over 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company’s approximately 140 properties, including those owned by its co-investment vehicles.
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