Brokerages Set UNITE Group plc (UTG) PT at $678.86
Shares of UNITE Group plc (LON:UTG) have earned an average rating of “Hold” from the seven analysts that are covering the firm. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 678.86 ($8.40).
Several analysts have recently weighed in on the company. Numis Securities Ltd reiterated an “add” rating and set a GBX 734 ($9.08) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Liberum Capital reiterated a “hold” rating and set a GBX 600 ($7.43) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Peel Hunt reiterated an “add” rating and set a GBX 675 ($8.35) target price on shares of UNITE Group plc in a research report on Monday, October 10th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 770 ($9.53) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th.
Shares of UNITE Group plc (LON:UTG) opened at 601.00 on Thursday. 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 cap is GBX 1.34 billion. The stock’s 50 day moving average is GBX 622.86 and its 200-day moving average is GBX 626.42.
The company 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 ($0.07) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.94%.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction dated 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).
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.