UNITE Group plc’s “Buy” Rating Reaffirmed at Jefferies Group (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Tuesday. They currently have a GBX 513 ($8.61) price target on the stock. Jefferies Group’s price objective would suggest a potential upside of 26.51% from the company’s current price.
UNITE Group plc (LON:UTG) traded down 0.44% during mid-day trading on Tuesday, hitting GBX 403.70. 182,784 shares of the company’s stock traded hands. 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.. The company’s market cap is £812.1 million.
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, August 4th. They now have a GBX 516 ($8.66) 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 investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 473 ($7.93).
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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