UNITE Group’s (UTG) Buy Rating Reiterated at Peel Hunt

UNITE Group (LON:UTG)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research report issued on Wednesday. They currently have a GBX 840 ($11.61) target price on the stock. Peel Hunt’s price target suggests a potential upside of 9.02% from the stock’s current price.

Several other brokerages also recently issued reports on UTG. Liberum Capital reaffirmed a “buy” rating and set a GBX 850 ($11.74) price target on shares of UNITE Group in a report on Tuesday, January 30th. JPMorgan Chase & Co. cut UNITE Group to a “neutral” rating and set a GBX 850 ($11.74) price objective on the stock. in a research report on Monday, January 15th. Numis Securities reiterated an “add” rating and set a GBX 892 ($12.32) price objective on shares of UNITE Group in a research report on Tuesday, January 30th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 815 ($11.26) price objective on shares of UNITE Group in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 849.40 ($11.74).

Shares of UNITE Group (UTG) opened at GBX 770.50 ($10.65) on Wednesday. UNITE Group has a twelve month low of GBX 605.50 ($8.37) and a twelve month high of GBX 833 ($11.51). The stock has a market capitalization of $1,880.00 and a price-to-earnings ratio of 906.47.

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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.

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