UNITE Group plc (LON:UTG) has been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 712.67 ($9.21).

UTG has been the topic of several recent research reports. Liberum Capital upgraded shares of UNITE Group plc to a “buy” rating and upped their target price for the company from GBX 620 ($8.01) to GBX 720 ($9.30) in a research report on Monday, March 13th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 810 ($10.47) target price on shares of UNITE Group plc in a research report on Wednesday, March 22nd. Jefferies Group LLC restated a “hold” rating and set a GBX 650 ($8.40) target price on shares of UNITE Group plc in a research report on Wednesday, April 26th. Finally, Numis Securities Ltd restated an “add” rating and set a GBX 721 ($9.32) target price on shares of UNITE Group plc in a research report on Wednesday, March 8th.

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Shares of UNITE Group plc (UTG) traded up 0.86% on Monday, hitting GBX 648.00. The stock had a trading volume of 804,046 shares. The company has a 50 day moving average price of GBX 637.90 and a 200-day moving average price of GBX 612.58. The stock’s market cap is GBX 1.44 billion. UNITE Group plc has a 12 month low of GBX 541.57 and a 12 month high of GBX 667.50.

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 50,000 students in approximately 140 properties in over 28 of England and Scotland’s University towns and cities. It operates through two segments: Operations and Property.

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