Liberum Capital Reiterates Hold Rating for UNITE Group plc (UTG)
UNITE Group plc (LON:UTG)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a research report issued to clients and investors on Friday. They currently have a GBX 620 ($7.75) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 0.73% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 712 ($8.90) target price on shares of UNITE Group plc in a report on Tuesday, November 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 595 ($7.44) target price on shares of UNITE Group plc in a report on Thursday, January 19th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of UNITE Group plc in a report on Monday, December 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 684.43 ($8.55).
Shares of UNITE Group plc (LON:UTG) traded down 1.52% during mid-day trading on Friday, hitting GBX 615.50. 343,548 shares of the company’s stock traded hands. The firm has a 50-day moving average of GBX 598.20 and a 200 day moving average of GBX 596.33. UNITE Group plc has a 52 week low of GBX 541.57 and a 52 week high of GBX 667.50. The company’s market cap is GBX 1.37 billion.
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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 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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