Ross Paterson Acquires 3,211 Shares of UNITE Group plc (UTG) Stock
UNITE Group plc (LON:UTG) 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 ($9.05) per share, for a total transaction of £21,899.02 ($29,047.65).
Shares of UNITE Group plc (LON UTG) opened at 698.50 on Thursday. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 699.00. The company’s 50-day moving average is GBX 676.62 and its 200-day moving average is GBX 657.19. The stock’s market cap is GBX 1.57 billion.
The business also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.06%.
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UTG has been the topic of a number of recent analyst reports. Numis Securities Ltd reiterated an “add” rating and set a GBX 776 ($10.29) price target on shares of UNITE Group plc in a research note on Tuesday, September 26th. Peel Hunt reissued an “add” rating and set a GBX 675 ($8.95) price objective on shares of UNITE Group plc in a report on Monday, July 10th. Liberum Capital reissued a “buy” rating and set a GBX 720 ($9.55) price objective on shares of UNITE Group plc in a report on Tuesday, September 26th. Finally, Jefferies Group LLC boosted their price objective on shares of UNITE Group plc from GBX 650 ($8.62) to GBX 695 ($9.22) and gave the stock a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. UNITE Group plc has a consensus rating of “Buy” and an average price target of GBX 745.20 ($9.88).
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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