UNITE Group plc (UTG) PT Raised to GBX 850

UNITE Group plc (LON:UTG) had its price objective increased by equities researchers at J P Morgan Chase & Co from GBX 810 ($10.65) to GBX 850 ($11.18) in a report released on Wednesday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 18.88% from the company’s current price.

A number of other equities analysts also recently weighed in on UTG. Liberum Capital reaffirmed a “buy” rating and set a GBX 720 ($9.47) price target on shares of UNITE Group plc in a research report on Monday, July 10th. Peel Hunt reaffirmed an “add” rating and set a GBX 675 ($8.87) price target on shares of UNITE Group plc in a research report on Monday, July 10th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 721 ($9.48) price target on shares of UNITE Group plc in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC upped their price target on UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. UNITE Group plc presently has a consensus rating of “Buy” and a consensus target price of GBX 753.20 ($9.90).

Shares of UNITE Group plc (LON UTG) opened at 715.00 on Wednesday. The firm’s market capitalization is GBX 1.60 billion. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 717.50. The company’s 50 day moving average is GBX 679.72 and its 200 day moving average is GBX 659.41.

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In other news, insider Ross Paterson purchased 3,211 shares of UNITE Group plc stock in a transaction on Monday, October 2nd. The stock was purchased at an average price of GBX 682 ($8.97) per share, with a total value of £21,899.02 ($28,791.77).

About UNITE Group plc

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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