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).

COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/09/unite-group-plc-utg-stock-rating-reaffirmed-by-peel-hunt.html.

In related news, insider Ross Paterson purchased 3,211 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of GBX 682 ($8.97) per share, for a total transaction of £21,899.02 ($28,803.13).

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.

Analyst Recommendations for UNITE Group plc (LON:UTG)

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.