UNITE Group plc’s (UTG) “Buy” Rating Reiterated at Liberum Capital
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a research note issued to investors on Monday, October 2nd. They presently have a GBX 720 ($9.47) target price on the stock. Liberum Capital’s price target suggests a potential upside of 0.63% from the stock’s previous close.
A number of other research firms have also weighed in on UTG. Jefferies Group LLC upped their price objective on shares of UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the stock a “hold” rating in a research note on Thursday, July 27th. Peel Hunt upped their price objective on shares of UNITE Group plc from GBX 675 ($8.87) to GBX 725 ($9.53) and gave the stock an “add” rating in a research note on Wednesday, July 26th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 721 ($9.48) price objective on shares of UNITE Group plc in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 753.20 ($9.90).
Shares of UNITE Group plc (LON:UTG) traded down 1.31% on Monday, hitting GBX 715.50. 511,709 shares of the company traded hands. The firm’s market capitalization is GBX 1.61 billion. The firm’s 50-day moving average is GBX 683.11 and its 200 day moving average is GBX 660.69. UNITE Group plc has a 1-year low of GBX 541.57 and a 1-year high of GBX 737.00.
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In other news, insider Ross Paterson bought 3,211 shares of UNITE Group plc stock in a transaction on Monday, October 2nd. The stock was acquired at an average cost of GBX 682 ($8.97) per share, for a total transaction of £21,899.02 ($28,791.77).
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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