Unite Group Rating Reiterated by Jefferies Group (UTG)
Unite Group (LON:UTG)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Monday, American Banking & Market News reports. They currently have a GBX 442 ($7.06) target price on the stock. Jefferies Group’s price target points to a potential upside of 14.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Unite Group in a research note to investors on Tuesday, October 8th. Finally, 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 ($6.94) price target on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 425.50 ($6.79).
Unite Group (LON:UTG) traded up 0.34% on Monday, hitting GBX 386.91. 211,968 shares of the company’s stock traded hands. Unite Group has a 1-year low of GBX 247.728 and a 1-year high of GBX 403.00. The stock has a 50-day moving average of GBX 370.3 and a 200-day moving average of GBX 354.4. The company’s market cap is £683.0 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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