Unite Group Receives “overweight” Rating from JPMorgan Chase & Co. (UTG)
Unite Group (LON:UTG)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Friday, Analyst Ratings Network reports. They currently have a GBX 435 ($6.80) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 21.34% from the stock’s previous close.
Unite Group (LON:UTG) opened at 358.30 on Friday. The stock has a 50-day moving average of GBX 373.2 and a 200-day moving average of GBX 351.8. The company’s market cap is £632.5 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Unite Group (LON:UTG) in a research note to investors on Thursday, August 29th. They now have a GBX 400 ($6.25) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Unite Group (LON:UTG) to an “add” rating in a research note to investors on Thursday, August 29th. They now have a GBX 415 ($6.49) price target on the stock, up previously from GBX 381 ($5.96). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Unite Group (LON:UTG) in a research note to investors on Thursday, August 29th. They now have a GBX 411 ($6.43) price target on the stock.
One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Unite Group currently has an average rating of “Buy” and a consensus target price of GBX 420.33 ($6.57).
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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