UNITE Group (UTG) Upgraded to “Buy” by Peel Hunt

Peel Hunt upgraded shares of UNITE Group (LON:UTG) to a buy rating in a report issued on Tuesday. They currently have GBX 725 ($9.76) price objective on the stock.

A number of other research analysts have also recently issued reports on the company. J P Morgan Chase & Co lifted their target price on UNITE Group from GBX 810 ($10.90) to GBX 850 ($11.44) and gave the company an overweight rating in a research report on Wednesday, October 11th. Liberum Capital reiterated a buy rating and issued a GBX 770 ($10.36) target price on shares of UNITE Group in a research report on Tuesday, November 7th. Finally, Numis Securities reiterated an add rating and issued a GBX 776 ($10.44) target price on shares of UNITE Group in a research report on Monday, October 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 779.20 ($10.49).

UNITE Group (LON UTG) traded down GBX 4.50 ($0.06) during trading on Tuesday, reaching GBX 730 ($9.83). The company’s stock had a trading volume of 152,997 shares, compared to its average volume of 455,383. UNITE Group has a 1 year low of GBX 543 ($7.31) and a 1 year high of GBX 738.50 ($9.94).

In other news, insider Ross Paterson purchased 3,211 shares of UNITE Group stock in a transaction dated Monday, October 2nd. The shares were bought at an average cost of GBX 682 ($9.18) per share, for a total transaction of £21,899.02 ($29,473.78).

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UNITE Group 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.

Analyst Recommendations for UNITE Group (LON:UTG)

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