UNITE Group plc (UTG) Stock Rating Reaffirmed by Numis Securities Ltd

Numis Securities Ltd reiterated their add rating on shares of UNITE Group plc (LON:UTG) in a research report report published on Monday morning. Numis Securities Ltd currently has a GBX 776 ($10.20) price target on the stock.

Several other equities research analysts also recently issued reports on UTG. Liberum Capital reiterated a buy rating and issued a GBX 720 ($9.47) target price on shares of UNITE Group plc in a research note on Monday, July 10th. Peel Hunt reiterated an add rating and issued a GBX 675 ($8.87) target price on shares of UNITE Group plc in a research note on Monday, July 10th. Finally, Jefferies Group LLC raised their target price on shares of UNITE Group plc from GBX 650 ($8.55) to GBX 695 ($9.14) and gave the company a hold rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 753.20 ($9.90).

UNITE Group plc (UTG) opened at 720.50 on Monday. The stock has a 50 day moving average price of GBX 682.09 and a 200-day moving average price of GBX 660.30. UNITE Group plc has a 1-year low of GBX 541.57 and a 1-year high of GBX 725.00. The company’s market capitalization is GBX 1.62 billion.

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The business also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be issued a GBX 7.30 ($0.10) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.06%.

In related news, insider Ross Paterson purchased 3,211 shares of the stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of GBX 682 ($8.97) per share, with a total value of £21,899.02 ($28,791.77).

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 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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