UNITE Group plc (UTG) Earns “Add” Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their add rating on shares of UNITE Group plc (LON:UTG) in a research note issued to investors on Tuesday morning. Numis Securities Ltd currently has a GBX 712 ($8.82) price target on the stock.
Other equities research analysts have also issued reports about the stock. Peel Hunt raised shares of UNITE Group plc to an add rating and lifted their price target for the company from GBX 650 ($8.05) to GBX 675 ($8.36) in a report on Monday, July 25th. Jefferies Group reaffirmed a hold rating and set a GBX 575 ($7.12) price target on shares of UNITE Group plc in a report on Wednesday, July 27th. Liberum Capital reaffirmed a hold rating and set a GBX 600 ($7.43) price target on shares of UNITE Group plc in a report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($9.54) price target on shares of UNITE Group plc in a report on Tuesday, November 1st. Finally, Morgan Stanley lifted their price target on shares of UNITE Group plc from GBX 660 ($8.18) to GBX 700 ($8.67) and gave the company an overweight rating in a report on Wednesday, August 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 678.86 ($8.41).
Shares of UNITE Group plc (LON:UTG) opened at 559.017 on Tuesday. The firm has a 50-day moving average of GBX 596.87 and a 200 day moving average of GBX 619.69. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 682.50. The firm’s market capitalization is GBX 1.24 billion.
In related news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($7.87), for a total transaction of £317,500 ($393,286.26).
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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