Unite Group (LON:UTG) Rating Reaffirmed
Recently, In a very recent research note distributed to Clients on Tuesday morning, Unite Group (LON:UTG) shares have had their “Hold” Rating kept steady by research professionals at Liberum Capital, who currently has a GBX 675.00 Estimated Target Price on firm. This target by Liberum Capital may mean the possibile upside of 0.37% from the closing share price.
From a total of 7 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 696 with a 5.91% above today’s (GBX 672.5) stock price. Unite Group PLC was the topic of 11 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 23 with “Underperform” rating. Kempen & Co maintained UTG stock in a recent report from October 4 with “Buy” rating.
The stock decreased 0.22% or GBX 1.5 on December 1, striking GBX 672.5. Approximately 486,470 shares of stock traded hands or 56.44% up from the average. UNITE Group plc (LON:UTG) has risen 13.95% since May 4, 2015 and is uptrending. It has outperformed by 15.57% the S&P500.
The UNITE Group Plc is a developer and operator of student accommodation. The company has a market cap of 1.45 billion GBP. The Company’s properties provide accommodation close to University campuses, transport and local amenities. It has 5.58 P/E ratio. It operates under two divisions: Operations and Property.