Unite Group PT Raised to GBX 465 (UTG)
Analysts at Jefferies Group boosted their target price on shares of Unite Group (LON:UTG) from GBX 441 ($7.27) to GBX 465 ($7.66) in a research report issued to clients and investors on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 10.64% from the stock’s previous close.
Shares of Unite Group (LON:UTG) traded down 0.05% on Wednesday, hitting GBX 420.30. The stock had a trading volume of 157,531 shares. Unite Group has a 1-year low of GBX 260.415 and a 1-year high of GBX 422.10. The stock’s 50-day moving average is GBX 403.5 and its 200-day moving average is GBX 388.1. The company’s market cap is £741.9 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Kempen & Co reiterated an “overweight” rating on shares of Unite Group in a research note to investors on Wednesday, January 8th. They now have a GBX 435 ($7.17) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Unite Group in a research note to investors on Tuesday, January 7th. They now have a GBX 461 ($7.60) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Unite Group in a research note to investors on Friday, December 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Unite Group presently has an average rating of “Buy” and a consensus price target of GBX 435.88 ($7.18).
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.