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 Thursday. They currently have a GBX 600 ($7.83) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 4.84% from the stock’s previous close.
Several other research analysts also recently commented on UTG. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 734 ($9.58) price target on shares of UNITE Group plc in a research report on Friday, July 8th. Peel Hunt reissued a “hold” rating and set a GBX 650 ($8.48) price objective on shares of UNITE Group plc in a report on Friday, July 8th. Jefferies Group reissued a “hold” rating and set a GBX 575 ($7.51) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 770 ($10.05) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th. Finally, Morgan Stanley lifted their price objective on UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the stock an “overweight” rating in a report on Wednesday, August 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 678.86 ($8.86).
UNITE Group plc (LON:UTG) opened at 632.00 on Thursday. UNITE Group plc has a one year low of GBX 550.50 and a one year high of GBX 682.50. The stock’s 50 day moving average price is GBX 623.50 and its 200-day moving average price is GBX 628.56. The firm’s market capitalization is GBX 1.41 billion.
The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a GBX 6 ($0.08) dividend. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($8.29), for a total value of £317,500 ($414,436.76).
UNITE Group plc Company Profile
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.
Receive News & Ratings for UNITE Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group plc and related companies with MarketBeat.com's FREE daily email newsletter.