Unite Group Receives Buy Rating from Beaufort Securities (UTG)
Unite Group (LON:UTG)‘s stock had its “buy” rating reaffirmed by investment analysts at Beaufort Securities in a note issued to investors on Tuesday, Stock Ratings Network reports.
UTG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unite Group in a research note to investors on Friday, September 13th. They now have a GBX 435 ($6.98) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Unite Group in a research note to investors on Thursday, August 29th. They now have a GBX 400 ($6.42) price target on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 420.33 ($6.74).
Unite Group (LON:UTG) traded up 1.11% during mid-day trading on Tuesday, hitting GBX 374.10. The stock had a trading volume of 194,217 shares. Unite Group has a 52-week low of GBX 247.728 and a 52-week high of GBX 403.00. The stock’s 50-day moving average is GBX 370.3 and its 200-day moving average is GBX 354.4. The company’s market cap is £660.4 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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