Breaking: UNITE Group (LON:UTG) Underperform Rating Reiterated by research analysts Jefferies Today; The Target is GBX 609

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UNITE Group (LON:UTG) Rating Reaffirmed

Jefferies now has a GBX 609 target price per share on the 1.39 billion GBP market cap company or -3.33% downside potential. In a recent report shared with investors and clients on Monday morning, UNITE Group (LON:UTG) shares have had their Underperform Rating maintained by stock analysts at Jefferies.

From a total of 8 analysts covering Unite Group PLC (LON:UTG) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is GBX 780 while the lowest target price is GBX 593. The mean of all analyst targets is GBX 693.38 with a 14.51% above today’s (GBX 625) stock price. Unite Group PLC was the topic of 14 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. J.P. Morgan maintained shares on December 10 with “Overweight” rating. JP Morgan maintained shares with “Overweight” rating and GBX 770 target share price in a report from a September 1. Jefferies maintained UTG stock in a recent report from November 23 with “Underperform” rating. Finally, Kempen & Co maintained the stock with “Buy” rating in a report issued on an October 4.

Approximately 27,818 shares of stock traded hands. UNITE Group plc (LON:UTG) has risen 2.61% since May 15, 2015 and is uptrending. It has outperformed by 7.03% the S&P500.

Breaking: UNITE Group (LON:UTG) Underperform Rating Reiterated by research analysts Jefferies Today; The Target is GBX 609

The UNITE Group Plc is a developer and operator of student accommodation. The company has a market cap of 1.39 billion GBP. The Company’s properties provide accommodation close to University campuses, transport and local amenities. It has 5.18 P/E ratio. It operates under two divisions: Operations and Property.

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