Peel Hunt Upgrades UNITE Group (UTG) to “Buy”
UNITE Group (LON:UTG) was upgraded by investment analysts at Peel Hunt to a “buy” rating in a research note issued on Tuesday. The firm presently has a GBX 725 ($9.76) price target on the stock. Peel Hunt’s price objective suggests a potential downside of 4.19% from the stock’s current price.
UTG has been the topic of a number of other research reports. Numis Securities reaffirmed an “add” rating and issued a GBX 776 ($10.44) price target on shares of UNITE Group in a research note on Tuesday, September 26th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 720 ($9.69) price target on shares of UNITE Group in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co lifted their price target on shares of UNITE Group from GBX 810 ($10.90) to GBX 850 ($11.44) and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 779.20 ($10.49).
UNITE Group (LON UTG) traded up GBX 21.73 ($0.29) during trading on Tuesday, reaching GBX 756.73 ($10.18). 412,462 shares of the company traded hands, compared to its average volume of 430,479. UNITE Group has a twelve month low of GBX 556.50 ($7.49) and a twelve month high of GBX 758 ($10.20).
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UNITE Group 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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