Liberum Capital reissued their hold rating on shares of UNITE Group plc (LON:UTG) in a research report sent to investors on Monday. The brokerage currently has a GBX 600 ($7.43) target price on the stock.
UTG has been the subject of several other research reports. Numis Securities Ltd reiterated an add rating and issued a GBX 734 ($9.08) target price on shares of UNITE Group plc in a report on Tuesday, July 26th. Peel Hunt restated a hold rating and issued a GBX 650 ($8.04) price target on shares of UNITE Group plc in a research note on Friday, July 8th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 770 ($9.53) price target on shares of UNITE Group plc in a research note on Wednesday, July 27th. Jefferies Group restated a hold rating and issued a GBX 575 ($7.12) price target on shares of UNITE Group plc in a research note on Wednesday, July 27th. Finally, Morgan Stanley boosted their price target on shares of UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the stock an overweight rating in a research note on Wednesday, August 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 678.86 ($8.40).
UNITE Group plc (LON:UTG) opened at 590.00 on Monday. UNITE Group plc has a 52-week low of GBX 550.50 and a 52-week high of GBX 682.50. The firm’s market capitalization is GBX 1.31 billion. The company has a 50 day moving average price of GBX 624.12 and a 200 day moving average price of GBX 626.77.
The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be given a GBX 6 ($0.07) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.94%.
In related news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($7.86), for a total value of £317,500 ($392,945.54).
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 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company’s approximately 140 properties, including those owned by its co-investment vehicles.
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