UNITE Group plc (UTG) Stock Rating Reaffirmed by Peel Hunt
UNITE Group plc (LON:UTG)‘s stock had its “add” rating reaffirmed by Peel Hunt in a note issued to investors on Monday. They presently have a GBX 675 ($8.81) price target on the stock. Peel Hunt’s target price indicates a potential upside of 11.57% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Liberum Capital restated a “hold” rating and set a GBX 600 ($7.83) target price on shares of UNITE Group plc in a research report on Thursday, September 29th. Morgan Stanley raised their target price on shares of UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Jefferies Group raised their target price on shares of UNITE Group plc from GBX 575 ($7.51) to GBX 595 ($7.77) and gave the stock a “hold” rating in a research report on Friday, August 19th. Numis Securities Ltd restated an “add” rating and set a GBX 734 ($9.58) target price on shares of UNITE Group plc in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($10.05) target price on shares of UNITE Group plc in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. UNITE Group plc presently has an average rating of “Hold” and a consensus price target of GBX 678.86 ($8.86).
UNITE Group plc (LON:UTG) opened at 599.00 on Monday. The firm’s 50-day moving average is GBX 626.58 and its 200-day moving average is GBX 628.01. UNITE Group plc has a 52-week low of GBX 550.50 and a 52-week high of GBX 682.50. The firm’s market capitalization is GBX 1.33 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued 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 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 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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