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Liberum Capital announced Unite Group PLC (LON:UTG), upholding its stock price target at 600.00GBX today

In a report released on Thursday September 29, 2016 Liberum Capital hold steady the stock price target of Unite Group PLC (LON:UTG) from 600.00GBX to 600.00GBX reporting a possible downside of -0.05%.

Previously on 8/31/2016, Morgan Stanley released a statement about Unite Group PLC (LON:UTG) increased the target price from 660.00GBX to 700.00GBX. At the time, this indicated a possible upside of 0.13%.

Just yesterday Unite Group PLC (LON:UTG) traded -0.16% lower at 631.25GBX. Unite Group PLC’s 50-day moving average is 623.50GBX and its 200-day moving average is 628.56GBX. The last stock price is up 0.15% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 42,729 shares of UTG traded hands, down from an average trading volume of 581,592

Recent Performance Chart

Unite Group PLC (LON:UTG)

Unite Group PLC has 52 week low of 550.50GBX and a 52 week high of 682.50GBX with a PE ratio of 6.01 and has a market capitalization of 0 GBX.

In addition to Liberum Capital reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is 665.57GBX with 1 brokerage rating the stock a strong buy, 3 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Unite Group PLC (LON:UTG)

The Unite Group plc is a United Kingdom-based developer and operator of student accommodation. The Company provides a home for over 46,000 students in approximately 140 properties in over 30 of the country's University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company's approximately 140 properties, including those owned by its co-investment vehicles. The Property segment is responsible for its development and asset management strategy, and oversees its two co-investment vehicles. The Company rents its rooms both directly to students and to approximately 60 Universities across the United Kingdom. Its properties provide accommodation close to University campuses, transport and local amenities. It offers study bedroom, insurance, round the clock security, cleaning services and Wireless-Fidelity throughout its buildings. It also operates and runs approximately three funds and joint ventures.

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