UNITE Group plc (UTG) Receives “Add” Rating from Numis Securities Ltd
Numis Securities Ltd restated their add rating on shares of UNITE Group plc (LON:UTG) in a research note released on Monday morning. They currently have a GBX 712 ($8.81) price objective on the stock.
UTG has been the subject of a number of other reports. Liberum Capital reissued 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. Morgan Stanley upped their price target on shares of UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the company an overweight rating in a report on Wednesday, August 31st. Jefferies Group upped their price target on shares of UNITE Group plc from GBX 575 ($7.12) to GBX 595 ($7.36) and gave the company a hold rating in a report on Friday, August 19th. Peel Hunt reissued a hold rating and issued a GBX 650 ($8.04) price target on shares of UNITE Group plc in a report on Friday, July 8th. Finally, JPMorgan Chase & Co. reissued 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. UNITE Group plc currently has an average rating of Hold and an average price target of GBX 678.86 ($8.40).
Shares of UNITE Group plc (LON:UTG) opened at 594.50 on Monday. The stock’s 50 day moving average is GBX 625.86 and its 200-day moving average is GBX 627.32. UNITE Group plc has a one year low of GBX 550.50 and a one year high of GBX 682.50. The stock’s market capitalization is GBX 1.32 billion.
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. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.94%.
In other news, insider Lister,Joe sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($7.86), for a total value 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.