UNITE Group (UTG) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of UNITE Group (LON:UTG) in a research note issued to investors on Monday morning.

UTG has been the topic of a number of other research reports. Liberum Capital restated a buy rating and set a GBX 950 ($12.41) target price on shares of UNITE Group in a research report on Monday, September 10th. Numis Securities restated an add rating on shares of UNITE Group in a research report on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 885.83 ($11.57).

Shares of LON:UTG opened at GBX 869 ($11.36) on Monday. UNITE Group has a 12-month low of GBX 618 ($8.08) and a 12-month high of GBX 833 ($10.88).

The company also recently declared a dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, September 20th will be issued a dividend of GBX 9.50 ($0.12) per share. This represents a dividend yield of 1.12%. The ex-dividend date is Thursday, September 20th.

In other news, insider Joe Lister sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of GBX 911 ($11.90), for a total transaction of £318,850 ($416,634.00).

About UNITE Group

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in more than 140 properties across 24 leading university towns and cities in England and Scotland.

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Analyst Recommendations for UNITE Group (LON:UTG)

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