Other research analysts have also recently issued reports about the company. Numis Securities Ltd reaffirmed an add rating and issued a GBX 776 ($10.21) price target on shares of UNITE Group plc in a report on Monday, October 9th. Peel Hunt reissued an add rating and set a GBX 725 ($9.54) price objective on shares of UNITE Group plc in a report on Tuesday, November 7th. Jefferies Group LLC boosted their price objective on UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the stock a hold rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co boosted their price objective on UNITE Group plc from GBX 810 ($10.65) to GBX 850 ($11.18) and gave the stock an overweight rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. UNITE Group plc currently has a consensus rating of Hold and an average price target of GBX 763.20 ($10.04).
UNITE Group plc (LON UTG) traded up GBX 7 ($0.09) during trading on Monday, hitting GBX 713.50 ($9.38). The company had a trading volume of 528,910 shares, compared to its average volume of 485,572. UNITE Group plc has a fifty-two week low of GBX 542 ($7.13) and a fifty-two week high of GBX 738.50 ($9.71).
In other news, insider Ross Paterson acquired 3,211 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was purchased at an average cost of GBX 682 ($8.97) per share, with a total value of £21,899.02 ($28,803.13).
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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