UNITE Group plc (UTG) Given Average Rating of “Hold” by Analysts
Shares of UNITE Group plc (LON:UTG) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 678.86 ($8.40).
A number of research analysts have weighed in on UTG shares. Liberum Capital reduced their price target on UNITE Group plc from GBX 675 ($8.35) to GBX 600 ($7.43) and set a “hold” rating on the stock in a research note on Monday, July 4th. Numis Securities Ltd restated an “add” rating and set a GBX 734 ($9.08) price objective on shares of UNITE Group plc in a report on Friday, July 8th. Peel Hunt restated a “hold” rating and set a GBX 650 ($8.04) price objective on shares of UNITE Group plc in a report on Friday, July 8th. Jefferies Group restated a “hold” rating and set a GBX 575 ($7.12) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($9.53) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th.
UNITE Group plc (LON:UTG) traded up 2.03% during trading on Thursday, hitting GBX 602.00. The stock had a trading volume of 1,029,256 shares. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50. The stock’s 50 day moving average price is GBX 624.12 and its 200 day moving average price is GBX 626.77. The firm’s market cap is GBX 1.34 billion.
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The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a GBX 6 ($0.07) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.94%.
In related news, insider Lister,Joe sold 50,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($7.86), for a total value of £317,500 ($392,945.54).
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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