UNITE Group’s (UTG) “Add” Rating Reiterated at Numis Securities
Numis Securities reiterated their add rating on shares of UNITE Group (LON:UTG) in a research report sent to investors on Friday morning. Numis Securities currently has a GBX 776 ($10.44) price objective on the stock.
A number of other equities analysts also recently commented on the stock. Peel Hunt raised shares of UNITE Group to a buy rating and set a GBX 725 ($9.76) target price on the stock in a research note on Tuesday, December 5th. Liberum Capital raised their target price on shares of UNITE Group from GBX 770 ($10.36) to GBX 850 ($11.44) and gave the company a buy rating in a research note on Monday, December 4th. Finally, J P Morgan Chase & Co raised their target price on shares of UNITE Group from GBX 810 ($10.90) to GBX 850 ($11.44) and gave the company an overweight rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 779.20 ($10.49).
UNITE Group (UTG) opened at GBX 761.50 ($10.25) on Friday. UNITE Group has a one year low of GBX 556.50 ($7.49) and a one year high of GBX 758 ($10.20).
In other news, insider Ross Paterson purchased 3,211 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were purchased at an average price of GBX 682 ($9.18) per share, with a total value of £21,899.02 ($29,473.78).
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About UNITE Group
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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