Peel Hunt Reaffirms “Add” Rating for UNITE Group plc (UTG)

Peel Hunt reissued their add rating on shares of UNITE Group plc (LON:UTG) in a research report report published on Thursday, May 25th. They currently have a GBX 675 ($8.54) price objective on the stock.

A number of other research firms have also recently weighed in on UTG. Liberum Capital reaffirmed a buy rating and issued a GBX 720 ($9.11) price target on shares of UNITE Group plc in a report on Thursday, May 11th. Jefferies Group LLC reissued a hold rating and set a GBX 650 ($8.22) target price on shares of UNITE Group plc in a report on Wednesday, April 26th. Numis Securities Ltd reissued an add rating and set a GBX 721 ($9.12) target price on shares of UNITE Group plc in a report on Monday, April 10th. Finally, J P Morgan Chase & Co reissued an overweight rating and set a GBX 810 ($10.25) target price on shares of UNITE Group plc in a report on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 712.67 ($9.02).

UNITE Group plc (UTG) traded up 1.43% on Thursday, reaching GBX 675.50. The company’s stock had a trading volume of 4,094,695 shares. The stock’s market cap is GBX 1.50 billion. The stock has a 50-day moving average of GBX 641.67 and a 200-day moving average of GBX 616.62. UNITE Group plc has a one year low of GBX 541.57 and a one year high of GBX 688.00.

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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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