UNITE Group plc (UTG) Receives Average Recommendation of “Buy” from Brokerages
Shares of UNITE Group plc (LON:UTG) have earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, 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 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 736.83 ($9.72).
A number of analysts have recently commented on the company. Liberum Capital reissued a “buy” rating and issued a GBX 720 ($9.50) price target on shares of UNITE Group plc in a research report on Monday, April 10th. Peel Hunt boosted their price target on UNITE Group plc from GBX 675 ($8.90) to GBX 725 ($9.56) and gave the stock an “add” rating in a research report on Wednesday, July 26th. Numis Securities Ltd reissued an “add” rating and issued a GBX 721 ($9.51) price target on shares of UNITE Group plc in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC boosted their price target on UNITE Group plc from GBX 650 ($8.57) to GBX 695 ($9.17) and gave the stock a “hold” rating in a research report on Thursday, July 27th.
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UNITE Group plc (UTG) opened at 674.50 on Tuesday. The company’s market cap is GBX 1.63 billion. The stock has a 50 day moving average price of GBX 663.44 and a 200-day moving average price of GBX 635.47. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 737.00.
The firm also recently disclosed a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be given a GBX 7.30 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.06%.
UNITE Group plc Company Profile
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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