Unite Group Receives New Coverage from Analysts at Beaufort Securities (UTG)
Research analysts at Beaufort Securities initiated coverage on shares of Unite Group (LON:UTG) in a report released on Thursday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on UTG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unite Group (LON:UTG) in a research note to investors on Friday, September 13th. They now have a GBX 435 ($6.91) price target on the stock. Finally, 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 ($6.35) price target on the stock.
One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 420.33 ($6.67).
Unite Group (LON:UTG) opened at 365.00 on Thursday. Unite Group has a 1-year low of GBX 245.00 and a 1-year high of GBX 403.00. The stock has a 50-day moving average of GBX 371.4 and a 200-day moving average of GBX 354.3. The company’s market cap is £644.3 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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