UNITE Group (LON:UTG)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued on Tuesday, January 30th. They presently have a GBX 850 ($11.74) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 10.32% from the stock’s previous close.
A number of other brokerages also recently issued reports on UTG. Numis Securities reiterated an “add” rating and set a GBX 776 ($10.72) price target on shares of UNITE Group in a research report on Monday, October 9th. JPMorgan Chase & Co. increased their price target on UNITE Group from GBX 810 ($11.19) to GBX 850 ($11.74) and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Peel Hunt reiterated an “add” rating and set a GBX 725 ($10.02) price target on shares of UNITE Group in a research report on Tuesday, November 7th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 815 ($11.26) price target on shares of UNITE Group in a research report on Thursday, January 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. UNITE Group has a consensus rating of “Hold” and a consensus price target of GBX 836.40 ($11.56).
UNITE Group (LON:UTG) traded up GBX 1.50 ($0.02) during trading on Tuesday, reaching GBX 770.50 ($10.65). The company had a trading volume of 366,258 shares, compared to its average volume of 640,573. The firm has a market capitalization of $1,860.00 and a price-to-earnings ratio of 906.47. UNITE Group has a 12-month low of GBX 605.50 ($8.37) and a 12-month high of GBX 833 ($11.51).
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About UNITE Group
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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