UNITE Group’s (UTG) “Buy” Rating Reaffirmed at Liberum Capital
UNITE Group (LON:UTG)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research note issued on Monday. They presently have a GBX 850 ($11.53) price target on the stock. Liberum Capital’s target price points to a potential upside of 6.72% from the stock’s previous close.
Several other research firms also recently commented on UTG. Numis Securities reissued an “add” rating and set a GBX 776 ($10.52) target price on shares of UNITE Group in a research report on Tuesday, September 26th. JPMorgan Chase & Co. increased their target price on shares of UNITE Group from GBX 810 ($10.98) to GBX 850 ($11.53) and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, Peel Hunt raised shares of UNITE Group to a “buy” rating and set a GBX 725 ($9.83) target price on the stock in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 789.20 ($10.70).
UNITE Group (LON:UTG) traded down GBX 7.50 ($0.10) during trading on Monday, reaching GBX 796.50 ($10.80). 524,848 shares of the company’s stock traded hands, compared to its average volume of 446,110. The firm has a market capitalization of $1,920.00 and a P/E ratio of 937.06. UNITE Group has a 52-week low of GBX 570.50 ($7.74) and a 52-week high of GBX 833 ($11.30).
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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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