Unite Group Given Buy Rating at Jefferies Group (UTG)
Unite Group (LON:UTG)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday, Analyst Ratings.Net reports. They currently have a GBX 465 ($7.63) price objective on the stock. Jefferies Group’s price target suggests a potential upside of 9.70% from the company’s current price.
Shares of Unite Group (LON:UTG) traded down 0.05% during mid-day trading on Friday, hitting GBX 423.90. 105,770 shares of the company’s stock traded hands. Unite Group has a 52-week low of GBX 260.415 and a 52-week high of GBX 427.00. The stock has a 50-day moving average of GBX 408. and a 200-day moving average of GBX 390.3. The company’s market cap is £748.3 million.
A number of other firms have also recently commented on UTG. Analysts at JPMorgan Chase & Co. downgraded shares of Unite Group to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 450 ($7.39) price target on the stock, up previously from GBX 435 ($7.14). Separately, 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 ($7.14) 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 Tuesday, January 7th. They now have a GBX 461 ($7.57) price target on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 435.88 ($7.15).
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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