Peel Hunt reissued their add rating on shares of UNITE Group plc (LON:UTG) in a report released on Monday. Peel Hunt currently has a GBX 675 ($8.35) target price on the stock.
UTG has been the topic of a number of other research reports. Numis Securities Ltd reaffirmed an add rating and set a GBX 734 ($9.08) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Liberum Capital reaffirmed a hold rating and set a GBX 600 ($7.43) target price on shares of UNITE Group plc in a research report on Tuesday, July 26th. Jefferies Group reaffirmed a hold rating and set a GBX 575 ($7.12) target price on shares of UNITE Group plc in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 770 ($9.53) target price on shares of UNITE Group plc in a research report on Wednesday, July 27th. Finally, Morgan Stanley boosted their target price on shares of UNITE Group plc from GBX 660 ($8.17) to GBX 700 ($8.66) and gave the stock an overweight rating in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 678.86 ($8.40).
Shares of UNITE Group plc (LON:UTG) opened at 590.00 on Monday. The company has a 50-day moving average of GBX 624.12 and a 200 day moving average of GBX 626.77. The company’s market capitalization is GBX 1.31 billion. UNITE Group plc has a 12 month low of GBX 550.50 and a 12 month high of GBX 682.50.
The firm also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 6 ($0.07) dividend. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 6th.
In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of GBX 635 ($7.86), for a total value of £317,500 ($392,945.54).