UNITE Group plc Rating Reiterated by Jefferies Group (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 505 ($8.51) price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 26.25% from the stock’s previous close.
UTG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of UNITE Group plc in a research note on Tuesday, May 6th. They now have a GBX 495 ($8.34) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of UNITE Group plc in a research note on Friday, May 2nd. They now have a GBX 450 ($7.58) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of UNITE Group plc in a research note on Wednesday, April 30th. They now have a GBX 516 ($8.69) price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 468.88 ($7.90).
Shares of UNITE Group plc (LON:UTG) opened at 400.00 on Monday. UNITE Group plc has a 52-week low of GBX 290.352 and a 52-week high of GBX 441.10. The stock has a 50-day moving average of GBX 425.7 and a 200-day moving average of GBX 418.3. The company’s market cap is £804.6 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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