Trade Report: The Analysts Set UNITE Group plc (UTG) Target Price at $678.86

The Analysts Set UNITE Group plc (UTG) Target Price at $678.86

Shares of UNITE Group plc (LON:UTG) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 678.86 ($8.27).

A number of brokerages have commented on UTG. Peel Hunt restated an “add” rating and issued a GBX 675 ($8.23) price target on shares of UNITE Group plc in a research report on Monday, October 10th. Liberum Capital restated a “hold” rating and issued a GBX 600 ($7.31) price target on shares of UNITE Group plc in a research report on Monday, October 10th. Numis Securities Ltd restated an “add” rating and issued a GBX 712 ($8.68) price target on shares of UNITE Group plc in a research report on Monday, October 10th. Morgan Stanley upped their price target on UNITE Group plc from GBX 660 ($8.04) to GBX 700 ($8.53) and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Finally, Jefferies Group upped their price target on UNITE Group plc from GBX 575 ($7.01) to GBX 595 ($7.25) and gave the stock a “hold” rating in a research report on Friday, August 19th.

In related news, insider Lister,Joe sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($7.74), for a total transaction of £317,500 ($386,959.17).

UNITE Group plc (LON:UTG) opened at 591.00 on Thursday. The stock’s market capitalization is GBX 1.31 billion. The firm has a 50-day moving average price of GBX 622.26 and a 200-day moving average price of GBX 625.96. UNITE Group plc has a 52 week low of GBX 550.50 and a 52 week high of GBX 682.50.

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