Liberum Capital Reaffirms “Buy” Rating for UNITE Group plc (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 516 ($8.56) target price on the stock. Liberum Capital’s target price suggests a potential upside of 15.96% from the stock’s previous close.
Shares of UNITE Group plc (LON:UTG) traded up 2.74% during mid-day trading on Monday, hitting GBX 450.00. 762,576 shares of the company’s stock traded hands. UNITE Group plc has a 1-year low of GBX 332.729 and a 1-year high of GBX 444.004. The stock has a 50-day moving average of GBX 414.8 and a 200-day moving average of GBX 421.1. The company’s market cap is £906.5 million.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of GBX 2.20 ($0.04) per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th.
A number of other analysts have also recently weighed in on UTG. 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 ($7.97) price target on the stock. Separately, 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 ($8.46) price target on the stock, up previously from GBX 495 ($8.21). 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 ($7.88) price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 484.14 ($8.03).
The UNITE Group plc is engaged in the development and management of student residential accommodation in the United Kingdom.
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