UNITE Group plc with ticker (LON:UTG) now has a potential upside of 11.4% according to JP Morgan.
JP Morgan set a target price of 1,075 GBX for the company, which when compared to the UNITE Group plc share price of 952 GBX at opening today (29/11/2022) indicates a potential upside of 11.4%. Trading has ranged between 773 (52 week low) and 1,209 (52 week high) with an average of 847,367 shares exchanging hands daily. The market capitalisation at the time of writing is £3,814,230,020.
The Unite Group PLC is a United Kingdom-based owner, manager and developer of purpose-built student accommodation. The Company homes to approximately 74,000 students across 169 properties in 25 University cities and towns. It partners with approximately 60 Universities across the United Kingdom. The Company operates through two segments: Operations and Property. The Operations segment manages rental properties, owned directly by the Company or by joint ventures. The Company undertakes its Operations and Property activities directly and through joint ventures with third parties. The Company rents its rooms both directly to students and to Universities. 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.
UNITE Group plc 11.4% potential upside indicated by JP Morgan
[shareaholic app="share_buttons" id_name="post_below_content"]
- Written by: Charlotte Edwards
Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Unite Group plc (LON:UTG), the UK's premier student accommodation provider, reports a strong update on trading and property valuations for mid-2024, forecasting 98-99% occupancy and 7% rental growth for the 2024/25 academic year.
Unite Students sells six properties for £184 million to PGIM Real Estate, aligning with high-ranking universities for sustainable growth. CEO Joe Lister comments.
Unite Group PLC (LON:UTG) has reported its full year results, highlighting strong earnings growth, high occupancy rates, and substantial investment opportunities.
