Peel Hunt Reaffirms “Buy” Rating for UNITE Group (UTG)

Peel Hunt reissued their buy rating on shares of UNITE Group (LON:UTG) in a research report released on Thursday morning.

A number of other research analysts have also commented on UTG. Jefferies Group reaffirmed a hold rating and issued a GBX 815 ($11.44) price objective on shares of UNITE Group in a report on Thursday, January 18th. Numis Securities reaffirmed an add rating and issued a GBX 892 ($12.52) price objective on shares of UNITE Group in a report on Tuesday, January 30th. Liberum Capital reaffirmed a buy rating and issued a GBX 850 ($11.93) price objective on shares of UNITE Group in a report on Monday, January 15th. Morgan Stanley upped their price objective on UNITE Group from GBX 710 ($9.97) to GBX 850 ($11.93) and gave the company an equal weight rating in a report on Tuesday, March 13th. Finally, JPMorgan Chase upped their price objective on UNITE Group from GBX 850 ($11.93) to GBX 900 ($12.63) and gave the company a neutral rating in a report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 862.83 ($12.11).

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Shares of LON UTG opened at GBX 816.04 ($11.45) on Thursday. UNITE Group has a one year low of GBX 618 ($8.67) and a one year high of GBX 833 ($11.69).

The company also recently disclosed a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 12th will be issued a GBX 15.40 ($0.22) dividend. This represents a yield of 1.98%. This is a positive change from UNITE Group’s previous dividend of $7.30. The ex-dividend date of this dividend is Thursday, April 12th.

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About UNITE Group

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.

Analyst Recommendations for UNITE Group (LON:UTG)

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