UNITE Group plc (UTG) Given Consensus Recommendation of “Hold” by Brokerages
UNITE Group plc (LON:UTG) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 880 ($11.50).
Several research firms have recently commented on UTG. Numis Securities reiterated a “hold” rating on shares of UNITE Group in a research report on Monday, September 10th. Peel Hunt increased their price target on shares of UNITE Group from GBX 900 ($11.76) to GBX 935 ($12.22) and gave the company a “buy” rating in a research report on Thursday, October 18th. Finally, Liberum Capital restated a “buy” rating on shares of UNITE Group in a research report on Friday, October 19th.
In related news, insider Joe Lister sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of GBX 911 ($11.90), for a total transaction of £318,850 ($416,634.00).
About UNITE Group
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in more than 140 properties across 24 leading university towns and cities in England and Scotland.
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