Unite Group Plc (LON:UTG – Get Rating) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,264 ($15.91).
A number of research analysts have commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,350 ($16.99) price target on shares of Unite Group in a research report on Wednesday, March 23rd. Peel Hunt reaffirmed an “add” rating and set a GBX 1,200 ($15.10) price target on shares of Unite Group in a research report on Friday, February 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Unite Group in a research report on Wednesday, May 11th. JPMorgan Chase & Co. lowered their price target on Unite Group from GBX 1,350 ($16.99) to GBX 1,300 ($16.36) and set an “overweight” rating for the company in a research report on Thursday, March 31st. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,220 ($15.35) price target on shares of Unite Group in a research report on Monday.
In related news, insider Richard Smith sold 386 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of GBX 642 ($8.08), for a total transaction of £2,478.12 ($3,118.31). Also, insider Joe Lister acquired 1,266 shares of Unite Group stock in a transaction that occurred on Thursday, March 3rd. The shares were bought at an average cost of GBX 711 ($8.95) per share, with a total value of £9,001.26 ($11,326.61).
Unite Group Company Profile (Get Rating)
Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.
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