A number of other equities research analysts have also commented on the stock. Peel Hunt upgraded shares of UNITE Group to a buy rating and set a GBX 725 ($9.83) price target for the company in a report on Tuesday, December 5th. Numis Securities reiterated an add rating and set a GBX 776 ($10.52) price target on shares of UNITE Group in a report on Friday, December 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of UNITE Group from GBX 810 ($10.98) to GBX 850 ($11.53) and gave the company an overweight rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. UNITE Group presently has an average rating of Buy and a consensus target price of GBX 789.20 ($10.70).
Shares of UNITE Group (LON:UTG) opened at GBX 807 ($10.94) on Monday. UNITE Group has a 1-year low of GBX 570.50 ($7.74) and a 1-year high of GBX 833 ($11.30). The company has a market cap of $1,940.00 and a price-to-earnings ratio of 949.41.
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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