Todays Report: The Peel Hunt Reaffirms Add Rating for UNITE Group plc (UTG)

The Peel Hunt Reaffirms Add Rating for UNITE Group plc (UTG)

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).

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