UNITE Group plc (UTG) Receives Hold Rating from Liberum Capital
A number of other analysts also recently weighed in on the company. Jefferies Group LLC restated a hold rating and issued a GBX 595 ($7.44) price objective on shares of UNITE Group plc in a report on Thursday, January 19th. Numis Securities Ltd raised shares of UNITE Group plc to a buy rating and upped their price target for the company from GBX 712 ($8.90) to GBX 731 ($9.14) in a research report on Friday, January 13th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating on shares of UNITE Group plc in a research report on Monday, December 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 684.43 ($8.55).
UNITE Group plc (LON:UTG) traded down 1.52% during mid-day trading on Friday, hitting GBX 615.50. The company had a trading volume of 343,548 shares. The firm’s market capitalization is GBX 1.37 billion. The company’s 50 day moving average price is GBX 598.20 and its 200-day moving average price is GBX 596.33. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 667.50.
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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 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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