Liberum Capital Keeps a Hold Rating on Unite Group PLC (LON:UTG) and GBX 600.00 Target

Unite Group PLC (LON:UTG) Rating

In a research note revealed to clients and investors on 29 September, Unite Group PLC (LON:UTG) stock Hold was kept by Liberum Capital. They currently have a GBX 600.00 target price per share on the stock. Liberum Capital’s target price per share gives a potential downside of -5.03% from the company’s last price.

Out of 8 analysts covering UNITE Group (LON:UTG), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. GBX 780 is the highest target while GBX 569 is the lowest. The GBX 687.13 average target is 8.38% above today’s (GBX 634) stock price. UNITE Group has been the topic of 48 analyst reports since October 4, 2015 according to StockzIntelligence Inc. Liberum Capital maintained the stock on September 29 with “Hold” rating. Peel Hunt maintained it with “Hold” rating and GBX 650 target price in a July 8 report. Jefferies maintained the shares of UTG in a report on August 19 with “Hold” rating. Kempen & Co maintained the firm’s rating on February 26. Kempen & Co has “Buy” rating and GBX 700 price target. Lastly, JP Morgan maintained the stock with “Overweight” rating in a July 27 report.

About 66,036 shares traded hands. UNITE Group plc (LON:UTG) has risen 3.19% since February 29, 2016 and is uptrending. It has underperformed by 8.06% the S&P500.

The Unite Group plc is a United Kingdom developer and operator of student accommodation. The company has a market cap of 1.41 billion GBP. The Firm provides a home for over 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It has a 6.09 P/E ratio. It operates through two divisions: Operations and Property.

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