UNITE Group plc (UTG) Receives Consensus Rating of “Buy” from Brokerages
Shares of UNITE Group plc (LON:UTG) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the company, Marketbeat.com 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 brokers that have issued a report on the stock in the last year is GBX 736.83 ($9.57).
A number of analysts recently weighed in on the stock. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 721 ($9.36) price objective on shares of UNITE Group plc in a research note on Wednesday, July 26th. Peel Hunt upped their price objective on shares of UNITE Group plc from GBX 675 ($8.76) to GBX 725 ($9.41) and gave the stock an “add” rating in a research note on Wednesday, July 26th. Jefferies Group LLC upped their price objective on shares of UNITE Group plc from GBX 650 ($8.44) to GBX 695 ($9.02) and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 720 ($9.35) price objective on shares of UNITE Group plc in a research note on Thursday, May 11th.
Shares of UNITE Group plc (UTG) opened at 664.00 on Friday. The stock’s 50 day moving average is GBX 670.31 and its 200 day moving average is GBX 646.52. The company’s market capitalization is GBX 1.49 billion. UNITE Group plc has a 52-week low of GBX 541.57 and a 52-week high of GBX 695.50.
The company also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be given a dividend of GBX 7.30 ($0.09) per share. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, October 5th.
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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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