UNITE Group plc Downgraded to “Add” at Numis Securities Ltd (UTG)
UNITE Group plc (LON:UTG) was downgraded by analysts at Numis Securities Ltd to an “add” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 510 ($8.44) price target on the stock, up from their previous price target of GBX 495 ($8.19). Numis Securities Ltd’s price objective suggests a potential upside of 16.52% from the stock’s previous close.
A number of other analysts have also recently weighed in on UTG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of UNITE Group plc in a research note on Thursday. They now have a GBX 475 ($7.86) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of UNITE Group plc in a research note on Thursday. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of UNITE Group plc in a research note on Friday, August 22nd. They now have a GBX 516 ($8.54) price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 474.88 ($7.86).
UNITE Group plc (LON:UTG) opened at 440.50 on Thursday. UNITE Group plc has a 52 week low of GBX 332.729 and a 52 week high of GBX 444.004. The stock has a 50-day moving average of GBX 412.5 and a 200-day moving average of GBX 420.9. The company’s market cap is £886.1 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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