UNITE Group (UTG) Stock Rating Reaffirmed by Liberum Capital

Liberum Capital reiterated their buy rating on shares of UNITE Group (LON:UTG) in a research report report published on Tuesday. The firm currently has a GBX 850 ($12.01) target price on the stock.

A number of other brokerages have also recently commented on UTG. JPMorgan Chase cut UNITE Group to a neutral rating and set a GBX 850 ($12.01) target price on the stock. in a report on Monday, January 15th. Peel Hunt reiterated a buy rating and set a GBX 870 ($12.30) target price (up previously from GBX 767 ($10.84)) on shares of UNITE Group in a report on Thursday, April 5th. Numis Securities reiterated an add rating and set a GBX 892 ($12.61) target price on shares of UNITE Group in a report on Tuesday, January 30th. Jefferies Group reiterated a hold rating and set a GBX 815 ($11.52) target price on shares of UNITE Group in a report on Thursday, January 18th. Finally, Morgan Stanley increased their price target on UNITE Group from GBX 710 ($10.04) to GBX 850 ($12.01) and gave the stock an equal weight rating in a research note on Tuesday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 862.83 ($12.20).

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Shares of LON:UTG opened at GBX 810 ($11.45) on Tuesday. UNITE Group has a one year low of GBX 618 ($8.73) and a one year high of GBX 833 ($11.77).

The firm also recently declared a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 12th will be paid a dividend of GBX 15.40 ($0.22) per share. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, April 12th. This is a positive change from UNITE Group’s previous dividend of $7.30.

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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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