UNITE Group (UTG) Receives “Add” Rating from Numis Securities

UNITE Group (LON:UTG)‘s stock had its “add” rating reiterated by Numis Securities in a report issued on Friday. They presently have a GBX 776 ($10.44) price target on the stock. Numis Securities’ price target indicates a potential upside of 3.26% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Peel Hunt reissued an “add” rating and set a GBX 725 ($9.76) target price on shares of UNITE Group in a report on Tuesday, November 7th. Liberum Capital reissued a “buy” rating and set a GBX 720 ($9.69) target price on shares of UNITE Group in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co increased their target price on shares of UNITE Group from GBX 810 ($10.90) to GBX 850 ($11.44) and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 779.20 ($10.49).

Shares of UNITE Group (LON UTG) traded up GBX 17.56 ($0.24) during trading hours on Friday, hitting GBX 751.50 ($10.11). 116,293 shares of the company’s stock were exchanged, compared to its average volume of 430,479. UNITE Group has a 52 week low of GBX 556.50 ($7.49) and a 52 week high of GBX 741 ($9.97).

In related news, insider Ross Paterson bought 3,211 shares of the stock in a transaction 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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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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