The stock of UNITE Group plc (LON:UTG) hit a new 52-week low and has GBX 523.13 target or 7.00% below today’s GBX 562.50 share price. The 7 months bearish chart indicates high risk for the GBX 1.25 billion company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 523.13 price target is reached, the company will be worth GBX 87.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.35% or GBX 19.5 on October 28, hitting GBX 562.5. About 1.67M shares traded hands or 140.04% up from the average. UNITE Group plc (LON:UTG) has declined 11.63% since March 31, 2016 and is downtrending. It has underperformed by 16.34% the S&P500.
UNITE Group plc (LON:UTG) Ratings Coverage
Out of 8 analysts covering Unite Group PLC (LON:UTG), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. GBX 780 is the highest target while GBX 569 is the lowest. The GBX 690.25 average target is 22.71% above today’s (GBX 562.5) stock price. Unite Group PLC has been the topic of 60 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Jefferies on Thursday, April 21. The stock of UNITE Group plc (LON:UTG) has “Buy” rating given on Sunday, October 4 by Kempen & Co. Morgan Stanley maintained UNITE Group plc (LON:UTG) on Wednesday, August 31 with “Overweight” rating. The firm has “Add” rating given on Tuesday, February 23 by Peel Hunt. The company was upgraded on Monday, January 25 by Jefferies. The firm earned “Hold” rating on Wednesday, February 24 by Jefferies. Numis Securities maintained UNITE Group plc (LON:UTG) rating on Thursday, March 24. Numis Securities has “Add” rating and GBX 734 price target. The stock of UNITE Group plc (LON:UTG) earned “Hold” rating by Peel Hunt on Tuesday, May 10. Numis Securities maintained UNITE Group plc (LON:UTG) on Wednesday, February 3 with “Add” rating. Peel Hunt upgraded the stock to “Add” rating in Monday, July 25 report.
Another recent and important UNITE Group plc (LON:UTG) news was published by Fool.Co.Uk which published an article titled: “5 FTSE 250 Stocks With Fast Dividend Growth: Unite Group plc, Bovis Homes …” on May 26, 2015.
The Unite Group plc is a United Kingdom developer and operator of student accommodation. The company has a market cap of 1.25 billion GBP. The Firm provides a home for over 46,000 students in approximately 140 properties in over 30 of the country’s University towns and cities. It has a 5.37 P/E ratio. It operates through two divisions: Operations and Property.
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