Today: The UNITE Group plc (UTG) Stock Rating Reaffirmed by Peel Hunt

The UNITE Group plc (UTG) Stock Rating Reaffirmed by Peel Hunt

UNITE Group plc (LON:UTG)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 675 ($8.81) price target on the stock. Peel Hunt’s target price points to a potential upside of 11.57% from the stock’s current price.

A number of other research analysts also recently commented on the company. Liberum Capital restated a “hold” rating and set a GBX 600 ($7.83) price objective on shares of UNITE Group plc in a research note on Monday. Numis Securities Ltd restated an “add” rating and set a GBX 712 ($9.29) price objective on shares of UNITE Group plc in a research note on Monday. Morgan Stanley upped 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 note on Wednesday, August 31st. Jefferies Group upped 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 note on Friday, August 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 770 ($10.05) price objective on shares of UNITE Group plc in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 678.86 ($8.86).

Shares of UNITE Group plc (LON:UTG) opened at 599.00 on Monday. The firm’s market cap is GBX 1.33 billion. The firm has a 50-day moving average price of GBX 626.58 and a 200-day moving average price of GBX 628.01. UNITE Group plc has a 12-month low of GBX 550.50 and a 12-month high of GBX 682.50.

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The company also recently announced a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.94%.

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

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