The stock of UNITE Group plc (LON:UTG) is a huge mover today! The stock decreased 1.51% or GBX 8.61 on November 9, hitting GBX 562.89. About 694,539 shares traded hands. UNITE Group plc (LON:UTG) has declined 10.35% since April 11, 2016 and is downtrending. It has underperformed by 15.14% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.25 billion company. It was reported on Nov, 9 by Barchart.com. We have GBX 900.62 PT which if reached, will make LON:UTG worth GBX 750.00 million more.
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. Unite Group PLC has been the topic of 63 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Liberum Capital on Tuesday, December 1. The stock of UNITE Group plc (LON:UTG) earned “Buy” rating by Kempen & Co on Monday, August 17. On Tuesday, January 26 the stock rating was maintained by Numis Securities with “Add”. The company was maintained on Wednesday, August 5 by Numis Securities. Kempen & Co maintained the shares of UTG in a report on Friday, February 26 with “Buy” rating. Jefferies maintained UNITE Group plc (LON:UTG) on Monday, September 28 with “Underperform” rating. The rating was downgraded by Jefferies on Monday, August 24 to “Underperform”. The firm has “Hold” rating given on Tuesday, January 26 by Liberum Capital. On Monday, October 10 the stock rating was maintained by Peel Hunt with “Add”. The rating was maintained by J.P. Morgan with “Overweight” on Thursday, December 10.
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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