Numis Securities Ltd reiterated their add rating on shares of UNITE Group plc (LON:UTG) in a research note issued to investors on Monday morning. The brokerage currently has a GBX 712 ($8.81) price objective on the stock.
Several other research firms also recently issued reports on UTG. Liberum Capital reaffirmed a hold rating and set a GBX 600 ($7.43) price target on shares of UNITE Group plc in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a hold rating and set a GBX 575 ($7.12) price target on shares of UNITE Group plc in a research note on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($9.53) price target on shares of UNITE Group plc in a research note on Wednesday, July 27th. Peel Hunt raised shares of UNITE Group plc to an add rating and lifted their price target for the stock from GBX 650 ($8.04) to GBX 675 ($8.35) in a research note on Monday, July 25th. Finally, Morgan Stanley lifted their price target on shares of UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the stock an overweight rating in a research note on Wednesday, August 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 678.86 ($8.40).
Shares of UNITE Group plc (LON:UTG) opened at 602.00 on Monday. The stock has a 50 day moving average of GBX 623.49 and a 200-day moving average of GBX 626.60. The stock’s market capitalization is GBX 1.34 billion. UNITE Group plc has a one year low of GBX 550.50 and a one year high of GBX 682.50.
The business 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. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 6th.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were 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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