UNITE Group plc’s (UTG) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of UNITE Group plc (LON:UTG) in a research report report published on Monday morning. The brokerage currently has a GBX 600 ($7.43) price objective on the stock.
A number of other research analysts also recently issued reports on UTG. Numis Securities Ltd restated an add rating and set a GBX 734 ($9.08) price target on shares of UNITE Group plc in a report on Friday, July 8th. Peel Hunt restated a hold rating and set a GBX 650 ($8.04) price target on shares of UNITE Group plc in a report on Friday, July 8th. Jefferies Group reaffirmed a hold rating and set a GBX 575 ($7.12) price objective on shares of UNITE Group plc in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($9.53) price objective on shares of UNITE Group plc in a research report on Wednesday, July 27th. Finally, Morgan Stanley lifted their price objective on UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the company an overweight rating in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 678.86 ($8.40).
UNITE Group plc (LON:UTG) opened at 594.50 on Monday. UNITE Group plc has a one year low of GBX 550.50 and a one year high of GBX 682.50. The firm has a 50-day moving average price of GBX 625.86 and a 200-day moving average price of GBX 627.32. The firm’s market cap is GBX 1.32 billion.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a GBX 6 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.94%.
In related news, insider Lister,Joe sold 50,000 shares of the business’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 value 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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