UNITE Group plc with ticker (LON:UTG) now has a potential upside of 16.2% according to Jefferies.
Jefferies set a target price of 1,155 GBX for the company, which when compared to the UNITE Group plc share price of 994 GBX at opening today (22/02/2024) indicates a potential upside of 16.2%. Trading has ranged between 834 (52 week low) and 1,069 (52 week high) with an average of 593,067 shares exchanging hands daily. The market capitalisation at the time of writing is £4,306,251,352.
The Unite Group PLC is a United Kingdom-based owner, manager, and developer of purpose-built student accommodation. The Company provides homes to approximately 70,000 students, across 157 properties, in 23 university towns and cities. 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 bedrooms, insurance, 24-hour security, cleaning services, and Wi-Fi throughout its buildings.
UNITE Group plc 16.2% potential upside indicated by Jefferies
[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.
