UNITE Group plc 27.4% potential upside indicated by Barclays

UNITE Group plc with ticker (LON:UTG) now has a potential upside of 27.4% according to Barclays.



Barclays set a target price of 1,150 GBX for the company, which when compared to the UNITE Group plc share price of 835 GBX at opening today (20/10/2022) indicates a potential upside of 27.4%. Trading has ranged between 773 (52 week low) and 1,209 (52 week high) with an average of 1,534,496 shares exchanging hands daily. The market capitalisation at the time of writing is £3,331,111,387.

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.