UNITE Group plc Receives Consensus Recommendation of “Buy” from Analysts (LON:UTG)
Shares of UNITE Group plc (LON:UTG) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the company, American Banking News.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 473 ($7.93).
UNITE Group plc (LON:UTG) opened at 405.50 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’s 50-day moving average is GBX 403.4 and its 200-day moving average is GBX 420.3. The company’s market cap is £815.7 million.
A number of analysts have recently weighed in on UTG shares. Analysts at Liberum Capital reiterated a “buy” rating on shares of UNITE Group plc in a research note on Tuesday. They now have a GBX 516 ($8.66) 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 Tuesday. They now have a GBX 513 ($8.61) price target on the stock.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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