The Liberum Capital Reiterates Hold Rating for UNITE Group plc (UTG)

The Liberum Capital Reiterates Hold Rating for UNITE Group plc (UTG)

UNITE Group plc (LON:UTG)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a report released on Monday. They currently have a GBX 600 ($7.83) target price on the stock. Liberum Capital’s price objective would suggest a potential downside of 0.83% from the stock’s current price.

UTG has been the subject of several other reports. Peel Hunt reiterated a “hold” rating and set a GBX 650 ($8.48) price objective on shares of UNITE Group plc in a research report on Friday, July 8th. Morgan Stanley boosted their price objective on UNITE Group plc from GBX 660 ($8.62) to GBX 700 ($9.14) and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Jefferies Group boosted their price objective on UNITE Group plc from GBX 575 ($7.51) to GBX 595 ($7.77) and gave the stock a “hold” rating in a research report on Friday, August 19th. Numis Securities Ltd reduced their price objective on UNITE Group plc from GBX 733 ($9.57) to GBX 712 ($9.29) and set an “add” rating for the company in a research report on Tuesday, August 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 770 ($10.05) price objective on shares of UNITE Group plc in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. UNITE Group plc currently has an average rating of “Hold” and an average target price of GBX 678.86 ($8.86).

Shares of UNITE Group plc (LON:UTG) opened at 599.50 on Monday. The firm’s market cap is GBX 1.33 billion. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50. The stock’s 50 day moving average price is GBX 626.58 and its 200 day moving average price is GBX 628.01.

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The business 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 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.94%.

In other UNITE Group plc news, insider Lister,Joe sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of GBX 635 ($8.29), for a total value of £317,500 ($414,436.76).

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