UNITE Group plc (UTG) Earns Add Rating from Numis Securities Ltd
UNITE Group plc (LON:UTG)‘s stock had its “add” rating reissued by stock analysts at Numis Securities Ltd in a report released on Monday. They currently have a GBX 776 ($10.29) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 10.07% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Peel Hunt raised their price target on shares of UNITE Group plc from GBX 675 ($8.95) to GBX 725 ($9.62) and gave the company an “add” rating in a research note on Wednesday, July 26th. Liberum Capital restated a “buy” rating and issued a GBX 720 ($9.55) price target on shares of UNITE Group plc in a research note on Monday, July 10th. Finally, Jefferies Group LLC raised their price target on shares of UNITE Group plc from GBX 650 ($8.62) to GBX 695 ($9.22) and gave the company a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 745.20 ($9.88).
UNITE Group plc (LON:UTG) opened at 705.50 on Monday. The firm has a 50 day moving average of GBX 677.81 and a 200-day moving average of GBX 657.80. UNITE Group plc has a 52 week low of GBX 541.57 and a 52 week high of GBX 709.00. The company’s market capitalization is GBX 1.58 billion.
In other news, insider Ross Paterson purchased 3,211 shares of the stock in a transaction on Monday, October 2nd. The stock was purchased at an average price of GBX 682 ($9.05) per share, for a total transaction of £21,899.02 ($29,047.65).
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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