UNITE Group plc (UTG) Declares Dividend of GBX 2.20
UNITE Group plc (LON:UTG) declared a dividend on Thursday, August 28th, Stock Ratings News reports. Shareholders of record on Thursday, October 9th will be given a dividend of GBX 2.20 ($0.04) per share on Friday, November 7th. This represents a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. The official announcement can be accessed at this link.
UTG has been the subject of a number of recent research reports. Analysts at Peel Hunt reiterated a “buy” rating on shares of UNITE Group plc in a research note on Thursday. They now have a GBX 480 ($7.94) price target on the stock. On the ratings front, 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). Finally, 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 475.44 ($7.87).
Shares of UNITE Group plc (LON:UTG) traded down 0.50% on Thursday, hitting GBX 438.00. 432,971 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 444.004. The stock’s 50-day moving average is GBX 413.7 and its 200-day moving average is GBX 421.0. The company’s market cap is £881.1 million.
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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