Published On: Mon, Sep 12th, 2016

UNITE Group plc (UTG) Rating Reiterated by Liberum Capital

UNITE Group plc (LON:UTG)‘s stock had its “hold” rating restated by equities researchers at Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 600 ($7.99) target price on the stock. Liberum Capital’s target price indicates a potential downside of 4.08% from the stock’s current price.
UTG has been the topic of several other reports. Numis Securities Ltd reiterated an “add” rating and issued a GBX 734 ($9.78) target price on shares of UNITE Group plc in a report on Monday, May 16th. Peel Hunt reiterated a “hold” rating and issued a GBX 650 ($8.66) target price on shares of UNITE Group plc in a report on Tuesday, May 10th. Jefferies Group restated a “hold” rating and issued a GBX 575 ($7.66) price objective on shares of UNITE Group plc in a report on Friday, April 29th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 770 ($10.26) price objective on shares of UNITE Group plc in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. UNITE Group plc has an average rating of “Hold” and a consensus price target of GBX 678.86 ($9.04).
UNITE Group plc (LON:UTG) traded down 2.266% during trading on Monday, reaching GBX 625.966. 391,068 shares of the company’s stock traded hands. The company’s market cap is GBX 1.39 billion. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50. The company has a 50 day moving average price of GBX 624.60 and a 200-day moving average price of GBX 628.46.

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The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.94%.
In related news, insider Lister,Joe sold 50,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($8.46), for a total value of £317,500 ($422,882.26).
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 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company’s approximately 140 properties, including those owned by its co-investment vehicles.

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