UNITE Group plc (UTG) Stock Rating Reaffirmed by Peel Hunt
UNITE Group plc (LON:UTG)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 675 ($8.81) price target on the stock. Peel Hunt’s target price points to a potential upside of 11.57% from the stock’s current price.
A number of other research analysts also recently commented on the company. Liberum Capital restated a “hold” rating and set a GBX 600 ($7.83) price objective on shares of UNITE Group plc in a research note on Monday. Numis Securities Ltd restated an “add” rating and set a GBX 712 ($9.29) price objective on shares of UNITE Group plc in a research note on Monday. Morgan Stanley upped their price objective on 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. Jefferies Group upped their price objective on 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. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($10.05) price objective on shares of UNITE Group plc in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 678.86 ($8.86).
Shares of UNITE Group plc (LON:UTG) opened at 599.00 on Monday. The firm’s market cap is GBX 1.33 billion. The firm has a 50-day moving average price of GBX 626.58 and a 200-day moving average price of GBX 628.01. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50.
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/unite-group-plc-utg-stock-rating-reaffirmed-by-peel-hunt.html
The company also recently announced a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.94%.
In related news, insider Lister,Joe sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was 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.