J P Morgan Chase & Co Boosts UNITE Group plc (UTG) Price Target to GBX 850
UNITE Group plc (LON:UTG) had its price objective upped by J P Morgan Chase & Co from GBX 810 ($10.65) to GBX 850 ($11.18) in a report published on Wednesday. They currently have an overweight rating on the stock.
Several other research firms also recently commented on UTG. Numis Securities Ltd reiterated an add rating and set a GBX 776 ($10.20) target price on shares of UNITE Group plc in a research report on Tuesday, September 26th. Liberum Capital reiterated a buy rating and set a GBX 720 ($9.47) target price on shares of UNITE Group plc in a research report on Wednesday, July 26th. Peel Hunt reiterated an add rating and set a GBX 675 ($8.87) target price on shares of UNITE Group plc in a research report on Monday, July 10th. Finally, Jefferies Group LLC lifted their target price on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 753.20 ($9.90).
Shares of UNITE Group plc (LON UTG) opened at 715.50 on Wednesday. The company’s market capitalization is GBX 1.61 billion. UNITE Group plc has a 1-year low of GBX 541.57 and a 1-year high of GBX 725.00. The company’s 50 day moving average is GBX 683.11 and its 200-day moving average is GBX 660.69.
The company also recently declared a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, October 5th will be given a GBX 7.30 ($0.10) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.06%.
In other news, insider Ross Paterson purchased 3,211 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were purchased at an average price of GBX 682 ($8.97) per share, for a total transaction 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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