UNITE Group plc Given Buy Rating at Peel Hunt (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 480 ($7.94) target price on the stock. Peel Hunt’s target price indicates a potential upside of 9.66% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd downgraded shares of UNITE Group plc to an “add” rating in a research note on Thursday. They now have a GBX 510 ($8.44) price target on the stock, up previously from GBX 495 ($8.19). Separately, 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. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of UNITE Group plc in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 475.44 ($7.87).
UNITE Group plc (LON:UTG) traded down 0.39% during mid-day trading on Thursday, hitting GBX 438.50. The stock had a trading volume of 94,772 shares. UNITE Group plc has a 1-year low of GBX 332.729 and a 1-year high of GBX 444.004. The stock’s 50-day moving average is GBX 412.5 and its 200-day moving average is GBX 420.9. The company’s market cap is £882.1 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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