A number of other brokerages also recently commented on UTG. Liberum Capital reaffirmed a hold rating and issued a GBX 600 ($7.43) price target on shares of UNITE Group plc in a report on Monday, August 1st. Jefferies Group reaffirmed a hold rating and issued a GBX 575 ($7.12) price target on shares of UNITE Group plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 770 ($9.53) price target on shares of UNITE Group plc in a report on Wednesday, July 27th. Numis Securities Ltd reissued an add rating and issued a GBX 734 ($9.08) price objective on shares of UNITE Group plc in a research report on Tuesday, July 26th. Finally, Morgan Stanley increased their price objective 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 report on Wednesday, August 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. UNITE Group plc has an average rating of Hold and a consensus price target of GBX 678.86 ($8.40).
UNITE Group plc (LON:UTG) opened at 594.50 on Monday. The stock has a 50 day moving average price of GBX 625.86 and a 200-day moving average price of GBX 627.32. The company’s market capitalization is GBX 1.32 billion. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50.
The business also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 6 ($0.07) per share. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Lister,Joe sold 50,000 shares of the firm’s stock in a transaction that occurred 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).
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.
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