UNITE Group plc (LON:UTG)‘s stock had its “add” rating restated by stock analysts at Numis Securities Ltd in a report issued on Monday. They presently have a GBX 712 ($9.29) price objective on the stock. Numis Securities Ltd’s price target indicates a potential upside of 17.69% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Liberum Capital reissued a “hold” rating and issued a GBX 600 ($7.83) price target on shares of UNITE Group plc in a report on Thursday, September 29th. Morgan Stanley increased their price target on shares of UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the company an “overweight” rating in a report on Wednesday, August 31st. Jefferies Group increased their price target on shares of UNITE Group plc from GBX 575 ($7.51) to GBX 595 ($7.77) and gave the company a “hold” rating in a report on Friday, August 19th. 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 report on Wednesday, July 27th. Finally, Peel Hunt upgraded shares of UNITE Group plc to an “add” rating and increased their target price for the stock from GBX 650 ($8.48) to GBX 675 ($8.81) in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 678.86 ($8.86).

Analyst Recommendations for UNITE Group plc (LON:UTG)

UNITE Group plc (LON:UTG) opened at 598.98 on Monday. UNITE Group plc has a 1-year low of GBX 550.50 and a 1-year high of GBX 682.50. The company’s market cap is GBX 1.33 billion. The stock has a 50 day moving average of GBX 626.58 and a 200-day moving average of GBX 628.01.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/numis-securities-ltd-reiterates-add-rating-for-unite-group-plc-utg.html

The company also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.94%.

In related news, insider Lister,Joe sold 50,000 shares of the 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.

Receive News & Ratings for UNITE Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group plc and related companies with MarketBeat.com's FREE daily email newsletter.