Liberum Capital Reiterates Buy Rating for UNITE Group plc (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Tuesday. They currently have a GBX 516 ($8.66) target price on the stock. Liberum Capital’s price target indicates a potential upside of 27.25% from the stock’s previous close.
A number of other firms have also recently commented on UTG. Analysts at Jefferies Group reiterated a “buy” rating on shares of UNITE Group plc in a research note on Tuesday. They now have a GBX 513 ($8.61) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of UNITE Group plc to an “overweight” rating in a research note on Thursday, July 31st. They now have a GBX 475 ($7.97) price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. UNITE Group plc has an average rating of “Buy” and an average price target of GBX 473 ($7.93).
Shares of UNITE Group plc (LON:UTG) opened at 406.80 on Tuesday. UNITE Group plc has a 52 week low of GBX 332.729 and a 52 week high of GBX 441.10. The stock has a 50-day moving average of GBX 403.4 and a 200-day moving average of GBX 420.3. The company’s market cap is £818.3 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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