UNITE Group plc (UTG) Receives “Hold” Rating from Liberum Capital
Liberum Capital reissued their hold rating on shares of UNITE Group plc (LON:UTG) in a research report released on Thursday morning. The brokerage currently has a GBX 600 ($7.83) price objective on the stock.
Several other analysts also recently issued reports on UTG. Peel Hunt reaffirmed a hold rating and set a GBX 650 ($8.48) price objective on shares of UNITE Group plc in a report on Friday, July 8th. Morgan Stanley upped their price objective on shares of UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the stock an overweight rating in a report on Wednesday, August 31st. Jefferies Group upped their price objective on shares of UNITE Group plc from GBX 575 ($7.51) to GBX 595 ($7.77) and gave the stock a hold rating in a report on Friday, August 19th. Numis Securities Ltd reaffirmed an add rating and set a GBX 734 ($9.58) price objective on shares of UNITE Group plc in a report on Friday, July 8th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($10.05) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 678.86 ($8.86).
Shares of UNITE Group plc (LON:UTG) opened at 650.50 on Thursday. The company’s 50 day moving average is GBX 625.72 and its 200-day moving average is GBX 628.30. 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 1.45 billion.
The business also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 6 ($0.08) dividend. This represents a yield of 0.94%. The ex-dividend date is Thursday, October 6th.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($8.29), for a total value of £317,500 ($414,436.76).
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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