Analysts Set UNITE Group plc (UTG) Target Price at $678.86
UNITE Group plc (LON:UTG) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 678.86 ($8.48).
A number of research firms have recently commented on UTG. Numis Securities Ltd restated an “add” rating and set a GBX 734 ($9.17) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Liberum Capital restated a “hold” rating and set a GBX 600 ($7.50) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Peel Hunt restated an “add” rating and set a GBX 675 ($8.43) target price on shares of UNITE Group plc in a research report on Monday, October 10th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($9.62) target price on shares of UNITE Group plc in a research report on Wednesday, July 27th. Finally, Jefferies Group restated a “hold” rating and set a GBX 595 ($7.43) target price on shares of UNITE Group plc in a research report on Thursday, October 27th.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($7.93), for a total value of £317,500 ($396,676.66).
Shares of UNITE Group plc (LON:UTG) opened at 555.00 on Thursday. The firm’s 50-day moving average price is GBX 583.83 and its 200 day moving average price is GBX 616.61. The company’s market capitalization is GBX 1.23 billion. UNITE Group plc has a 52 week low of GBX 541.57 and a 52 week high of GBX 682.50.
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.
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