UNITE Group plc (UTG) Stock Rating Reaffirmed by Peel Hunt
UNITE Group plc (LON:UTG)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 725 ($9.54) target price on the stock. Peel Hunt’s target price would indicate a potential downside of 0.48% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating and set a GBX 720 ($9.47) price target on shares of UNITE Group plc in a research note on Tuesday, September 26th. J P Morgan Chase & Co lifted their price target on UNITE Group plc from GBX 810 ($10.65) to GBX 850 ($11.18) and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Numis Securities Ltd reiterated an “add” rating and set a GBX 776 ($10.21) price target on shares of UNITE Group plc in a research note on Monday, October 9th. Finally, Jefferies Group LLC lifted their price target on UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the company a “hold” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. UNITE Group plc currently has a consensus rating of “Hold” and an average price target of GBX 763.20 ($10.04).
UNITE Group plc (LON:UTG) opened at GBX 729.50 ($9.59) on Tuesday. UNITE Group plc has a 1-year low of GBX 542 ($7.13) and a 1-year high of GBX 728.50 ($9.58).
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 50,000 students in approximately 140 properties in over 28 of England and Scotland’s University towns and cities. It operates through two segments: Operations and Property.
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