UNITE Group plc’s (UTG) “Add” Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reaffirmed their add rating on shares of UNITE Group plc (LON:UTG) in a research report sent to investors on Monday morning. The brokerage currently has a GBX 776 ($10.20) target price on the stock.

Several other brokerages have also issued reports on UTG. Liberum Capital reiterated a buy rating and issued a GBX 720 ($9.47) price target on shares of UNITE Group plc in a research note on Wednesday, July 26th. Peel Hunt restated an add rating and set a GBX 675 ($8.87) price objective on shares of UNITE Group plc in a research note on Monday, July 10th. Finally, Jefferies Group LLC boosted their price objective 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 note 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 currently has an average rating of Buy and a consensus target price of GBX 745.20 ($9.80).

UNITE Group plc (UTG) opened at 712.00 on Monday. The firm’s market capitalization is GBX 1.60 billion. UNITE Group plc has a 52-week low of GBX 541.57 and a 52-week high of GBX 717.00. The firm’s 50-day moving average is GBX 678.61 and its 200 day moving average is GBX 658.67.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/unite-group-plcs-utg-add-rating-reaffirmed-at-numis-securities-ltd.html.

The company also recently disclosed a dividend, which will be paid on Friday, November 3rd. Stockholders 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 dividend yield of 1.06%.

In other news, insider Ross Pat

Several other brokerages have also issued reports on UTG. Liberum Capital reiterated a buy rating and issued a GBX 720 ($9.47) price target on shares of UNITE Group plc in a research note on Wednesday, July 26th. Peel Hunt restated an add rating and set a GBX 675 ($8.87) price objective on shares of UNITE Group plc in a research note on Monday, July 10th. Finally, Jefferies Group LLC boosted their price objective 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 note 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 currently has an average rating of Buy and a consensus target price of GBX 745.20 ($9.80).

UNITE Group plc (UTG) opened at 712.00 on Monday. The firm’s market capitalization is GBX 1.60 billion. UNITE Group plc has a 52-week low of GBX 541.57 and a 52-week high of GBX 717.00. The firm’s 50-day moving average is GBX 678.61 and its 200 day moving average is GBX 658.67.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/unite-group-plcs-utg-add-rating-reaffirmed-at-numis-securities-ltd.html.

The company also recently disclosed a dividend, which will be paid on Friday, November 3rd. Stockholders 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 dividend yield of 1.06%.

In other news, insider Ross Paterson acquired 3,211 shares of the stock in a transaction dated Monday, October 2nd. The shares were bought at an average cost 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.

Receive News & Ratings for UNITE Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply