UNITE Group plc (UTG) Given “Hold” Rating at Liberum Capital
UNITE Group plc (LON:UTG)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a report released on Thursday. They presently have a GBX 600 ($7.83) price objective on the stock. Liberum Capital’s price objective points to a potential downside of 4.84% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Numis Securities Ltd reiterated an “add” rating and set a GBX 734 ($9.58) target price on shares of UNITE Group plc in a research note on Friday, July 8th. Peel Hunt upgraded UNITE Group plc to an “add” rating and increased their target price for the company from GBX 650 ($8.48) to GBX 675 ($8.81) in a research note on Monday, July 25th. Jefferies Group reiterated a “hold” rating and set a GBX 575 ($7.51) target price on shares of UNITE Group plc in a research note on Wednesday, July 27th. Morgan Stanley increased their target price on UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 770 ($10.05) target price on shares of UNITE Group plc in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. UNITE Group plc presently has an average rating of “Hold” and an average price target of GBX 678.86 ($8.86).
UNITE Group plc (LON:UTG) opened at 632.00 on Thursday. The firm’s market capitalization is GBX 1.41 billion. UNITE Group plc has a 52 week low of GBX 550.50 and a 52 week high of GBX 682.50. The firm has a 50-day moving average of GBX 623.50 and a 200 day moving average of GBX 628.56.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 0.94%. The ex-dividend date is Thursday, October 6th.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the 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.
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