Liberum Capital Reiterates Hold Rating for UNITE Group plc (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a research report issued on Monday. They presently have a GBX 600 ($7.83) price objective on the stock. Liberum Capital’s price target indicates a potential downside of 0.83% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Numis Securities Ltd lowered their price objective on shares of UNITE Group plc from GBX 733 ($9.57) to GBX 712 ($9.29) and set an “add” rating on the stock in a research note on Tuesday, August 16th. Peel Hunt upgraded shares of UNITE Group plc to an “add” rating and raised their target price for the stock from GBX 650 ($8.48) to GBX 675 ($8.81) in a research note on Monday, July 25th. Jefferies Group raised their target price on shares of UNITE Group plc from GBX 575 ($7.51) to GBX 595 ($7.77) and gave the stock a “hold” rating in a research note on Friday, August 19th. Morgan Stanley raised their target price on shares of UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($10.05) target price on shares of UNITE Group plc in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 678.86 ($8.86).
Shares of UNITE Group plc (LON:UTG) opened at 599.50 on Monday. UNITE Group plc has a 52 week low of GBX 550.50 and a 52 week high of GBX 682.50. The stock has a 50 day moving average of GBX 626.58 and a 200-day moving average of GBX 628.01. The stock’s market cap is GBX 1.33 billion.
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The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, October 6th.
In other news, insider Lister,Joe sold 50,000 shares of UNITE Group plc stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($8.29), for a total transaction of £317,500 ($414,436.76).
About UNITE Group plc
The Unite Group plc is a United Kingdom-based developer and operator of student accommodation. The Company provides a home for over 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company’s approximately 140 properties, including those owned by its co-investment vehicles.
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