Liberum Capital Reaffirms Buy Rating for UNITE Group plc (UTG)

UNITE Group plc (LON:UTG)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a report issued on Monday. They currently have a GBX 770 ($10.13) target price on the stock. Liberum Capital’s target price suggests a potential upside of 6.50% from the stock’s previous close.

Several other research analysts also recently commented on UTG. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 721 ($9.48) target price on shares of UNITE Group plc in a research note on Wednesday, July 26th. Peel Hunt lifted their target price on shares of UNITE Group plc from GBX 675 ($8.88) to GBX 725 ($9.54) and gave the stock an “add” rating in a research note on Wednesday, July 26th. Jefferies Group LLC lifted their target price on shares of UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co lifted their target price on shares of UNITE Group plc from GBX 810 ($10.65) to GBX 850 ($11.18) and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 763.20 ($10.04).

Shares of UNITE Group plc (LON UTG) traded down GBX 3 ($0.04) during midday trading on Monday, hitting GBX 723 ($9.51). 239,612 shares of the company traded hands, compared to its average volume of 491,598. UNITE Group plc has a 12 month low of GBX 542 ($7.13) and a 12 month high of GBX 738.50 ($9.71).

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In related news, insider Ross Paterson acquired 3,211 shares of UNITE Group plc stock in a transaction on Monday, October 2nd. The shares were acquired at an average cost of GBX 682 ($8.97) per share, with a total value of £21,899.02 ($28,803.13).

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.

Analyst Recommendations for UNITE Group plc (LON:UTG)

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