Brokerages Set UNITE Group plc (UTG) PT at $678.86
UNITE Group plc (LON:UTG) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 678.86 ($8.40).
A number of equities analysts recently commented on UTG shares. Jefferies Group raised their target price on UNITE Group plc from GBX 575 ($7.12) to GBX 595 ($7.36) and gave the company a “hold” rating in a report on Friday, August 19th. Morgan Stanley raised their target price on UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the company an “overweight” rating in a report on Wednesday, August 31st. Liberum Capital reaffirmed a “hold” rating and issued a GBX 600 ($7.43) price target on shares of UNITE Group plc in a research report on Thursday, September 29th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 734 ($9.08) price target on shares of UNITE Group plc in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 770 ($9.53) price target on shares of UNITE Group plc in a research report on Wednesday, July 27th.
In other news, insider Lister,Joe sold 50,000 shares of the firm’s stock in a transaction dated 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).
Shares of UNITE Group plc (LON:UTG) opened at 601.00 on Thursday. UNITE Group plc has a 12 month low of GBX 550.50 and a 12 month high of GBX 682.50. The company has a 50-day moving average price of GBX 622.86 and a 200-day moving average price of GBX 626.42. The stock’s market cap is GBX 1.34 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 6 ($0.07) per share. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, October 6th.
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.
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.