Peel Hunt reaffirmed their add rating on shares of UNITE Group plc (LON:UTG) in a research report sent to investors on Monday. The brokerage currently has a GBX 675 ($8.35) price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Jefferies Group reissued a hold rating and issued a GBX 575 ($7.12) target price on shares of UNITE Group plc in a research note on Wednesday, July 27th. Numis Securities Ltd reaffirmed an add rating and set a GBX 734 ($9.08) price objective on shares of UNITE Group plc in a research report on Tuesday, July 26th. Liberum Capital reaffirmed a hold rating and set a GBX 600 ($7.43) price objective on shares of UNITE Group plc in a research report on Monday. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($9.53) price objective on shares of UNITE Group plc in a research report on Wednesday, July 27th. Finally, Morgan Stanley lifted their price objective 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 report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 678.86 ($8.40).
Shares of UNITE Group plc (LON:UTG) opened at 602.00 on Monday. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50. The company’s market cap is GBX 1.34 billion. The stock has a 50 day moving average of GBX 623.49 and a 200 day moving average of GBX 626.60.
The company also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 6 ($0.07) per share. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Lister,Joe sold 50,000 shares of UNITE Group plc stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($7.86), for a total transaction of £317,500 ($392,945.54).
UNITE Group plc Company Profile
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.
Receive News & Ratings for UNITE Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group plc and related companies with MarketBeat.com's FREE daily email newsletter.