UNITE Group (UTG) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of UNITE Group (LON:UTG) in a report published on Thursday.

UTG has been the topic of a number of other research reports. Liberum Capital reiterated a buy rating and issued a GBX 850 ($11.93) price target on shares of UNITE Group in a report on Sunday, December 10th. Morgan Stanley lifted their price target on shares of UNITE Group from GBX 710 ($9.97) to GBX 850 ($11.93) and gave the company an equal weight rating in a report on Tuesday, March 13th. Numis Securities reiterated a restricted rating and issued a GBX 892 ($12.52) price target on shares of UNITE Group in a report on Wednesday, February 21st. JPMorgan Chase lifted their price target on shares of UNITE Group from GBX 850 ($11.93) to GBX 900 ($12.63) and gave the company a neutral rating in a report on Wednesday, March 7th. Finally, Jefferies Group reiterated a hold rating and issued a GBX 815 ($11.44) price target on shares of UNITE Group in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. UNITE Group presently has an average rating of Hold and a consensus price target of GBX 862.83 ($12.11).

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Shares of UTG opened at GBX 811.50 ($11.39) on Thursday. UNITE Group has a fifty-two week low of GBX 618 ($8.67) and a fifty-two week high of GBX 833 ($11.69).

The firm also recently announced a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, April 12th will be issued a dividend of GBX 15.40 ($0.22) per share. This is a positive change from UNITE Group’s previous dividend of $7.30. The ex-dividend date of this dividend is Thursday, April 12th. This represents a dividend yield of 1.98%.

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UNITE Group 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.

Analyst Recommendations for UNITE Group (LON:UTG)

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