Brokerages Set UNITE Group plc (UTG) Price Target at $712.67
UNITE Group plc (LON:UTG) has been given a consensus recommendation of “Buy” by the six research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 712.67 ($9.02).
UTG has been the subject of several research analyst reports. Peel Hunt restated an “add” rating and set a GBX 675 ($8.54) price objective on shares of UNITE Group plc in a research report on Wednesday, February 22nd. Numis Securities Ltd restated an “add” rating and set a GBX 721 ($9.12) price objective on shares of UNITE Group plc in a research report on Wednesday, March 8th. Liberum Capital restated a “buy” rating and set a GBX 720 ($9.11) price objective on shares of UNITE Group plc in a research report on Monday, April 10th. Finally, Jefferies Group LLC boosted their price objective on shares of UNITE Group plc from GBX 595 ($7.53) to GBX 650 ($8.22) and gave the company a “hold” rating in a research report on Thursday, February 23rd.
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UNITE Group plc (LON:UTG) traded up 1.43% during midday trading on Monday, reaching GBX 675.50. 4,094,695 shares of the company were exchanged. The firm’s 50 day moving average price is GBX 641.67 and its 200-day moving average price is GBX 616.62. UNITE Group plc has a 52 week low of GBX 541.57 and a 52 week high of GBX 688.00. The stock’s market capitalization is GBX 1.50 billion.
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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