UNITE Group plc Stock Rating Upgraded by JPMorgan Chase & Co. (UTG)
UNITE Group plc (LON:UTG) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Thursday. The firm currently has a GBX 475 ($8.07) target price on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 18.75% from the company’s current price.
A number of other firms have also recently commented on UTG. Analysts at Liberum Capital reiterated a “buy” rating on shares of UNITE Group plc in a research note on Monday, July 21st. They now have a GBX 516 ($8.76) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of UNITE Group plc in a research note on Monday, July 21st. They now have a GBX 513 ($8.71) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of UNITE Group plc to a “buy” rating in a research note on Thursday, July 10th. They now have a GBX 495 ($8.41) price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 473 ($8.03).
UNITE Group plc (LON:UTG) traded down 1.62% on Thursday, hitting GBX 400.00. The stock had a trading volume of 156,827 shares. UNITE Group plc has a 52-week low of GBX 349.50 and a 52-week high of GBX 456.50. The stock has a 50-day moving average of GBX 403.4 and a 200-day moving average of GBX 421.0. 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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