UNITE Group plc 10.4% potential upside indicated by Berenberg Bank

UNITE Group plc with ticker (LON:UTG) now has a potential upside of 10.4% according to Berenberg Bank.

UTG.L

Berenberg Bank set a target price of 1,052 GBX for the company, which when compared to the UNITE Group plc share price of 953 GBX at opening today (06/09/2024) indicates a potential upside of 10.4%. Trading has ranged between 842 (52 week low) and 1,069 (52 week high) with an average of 1,309,133 shares exchanging hands daily. The market capitalisation at the time of writing is £4,645,296,907.

The Unite Group PLC is a United Kingdom-based owner, manager, and developer of purpose-built student accommodation (PBSA) serving the country’s higher education sector. The Company provides homes to approximately 70,000 students across 152 properties in 23 university towns and cities. It partners with over 60 universities across the United Kingdom. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. The Company’s segments include Operations and Property. The Company undertakes its Operations and Property activities directly and through joint ventures with third parties. The Company provides development, asset management, planning and project management support from its internal team to deliver co-designed plans from start to finish, taking into account the needs of students, communities and sustainability targets. Its properties are located near universities.