Liberum Capital Reaffirms “Buy” Rating for UNITE Group plc (UTG)
Liberum Capital reissued their buy rating on shares of UNITE Group plc (LON:UTG) in a research report released on Monday, StockTargetPrices.com reports. The firm currently has a GBX 770 ($10.13) price target on the stock.
A number of other research analysts also recently weighed in on the stock. Peel Hunt restated an add rating and set a GBX 725 ($9.54) price objective on shares of UNITE Group plc in a research report on Tuesday, November 7th. J P Morgan Chase & Co increased their price objective on shares of UNITE Group plc from GBX 810 ($10.65) to GBX 850 ($11.18) and gave the company an overweight rating in a research report on Wednesday, October 11th. Numis Securities Ltd restated an add rating and set a GBX 776 ($10.21) price objective on shares of UNITE Group plc in a research report on Monday, October 9th. Finally, Jefferies Group LLC increased their price objective on shares of UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the company a hold rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 763.20 ($10.04).
UNITE Group plc (LON UTG) opened at GBX 732.50 ($9.63) on Monday. UNITE Group plc has a 52-week low of GBX 542 ($7.13) and a 52-week high of GBX 738.50 ($9.71).
In other UNITE Group plc news, insider Ross Paterson purchased 3,211 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were acquired at an average cost of GBX 682 ($8.97) per share, for a total transaction of £21,899.02 ($28,803.13).
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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