UNITE Group (LON:UTG) had its target price upped by investment analysts at Morgan Stanley from GBX 710 ($9.81) to GBX 850 ($11.74) in a research report issued to clients and investors on Tuesday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 7.32% from the company’s current price.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on UNITE Group from GBX 850 ($11.74) to GBX 900 ($12.43) and gave the company a “neutral” rating in a research note on Wednesday, March 7th. Liberum Capital restated a “buy” rating and set a GBX 850 ($11.74) price target on shares of UNITE Group in a research report on Tuesday, March 6th. Peel Hunt restated a “buy” rating and set a GBX 870 ($12.02) price target on shares of UNITE Group in a research report on Tuesday, February 27th. Numis Securities restated a “restricted” rating and set a GBX 892 ($12.32) price target on shares of UNITE Group in a research report on Wednesday, February 21st. Finally, Jefferies Group restated a “hold” rating and set a GBX 815 ($11.26) price target on shares of UNITE Group in a research report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. UNITE Group has an average rating of “Hold” and a consensus price target of GBX 862.83 ($11.92).
Shares of UNITE Group (UTG) opened at GBX 792 ($10.94) on Tuesday. UNITE Group has a 12 month low of GBX 618 ($8.54) and a 12 month high of GBX 833 ($11.51). The firm has a market capitalization of $2,080.00 and a P/E ratio of 860.87.
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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