UNITE Group plc 18.8% potential upside indicated by Barclays

UNITE Group plc with ticker (LON:UTG) now has a potential upside of 18.8% according to Barclays.



Barclays set a target price of 1,240 GBX for the company, which when compared to the UNITE Group plc share price of 1,007 GBX at opening today (16/02/2022) indicates a potential upside of 18.8%. Trading has ranged between 927 (52 week low) and 1,250 (52 week high) with an average of 517,616 shares exchanging hands daily. The market capitalisation at the time of writing is £4,053,124,530.

The Unite Group plc is a United Kingdom-based owner, developer and operator of student accommodation. The Company provides a home for students in University towns and cities. It partners with Universities across the United Kingdom (UK). The Company operates through two segments: Operations and Property. The Operations segment is responsible for the Company’s 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 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.