UNITE Group plc 5.7% Potential Decrease Indicated by Morgan Stanley

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UNITE Group plc with EPIC/TICKER (LON:UTG) had its stock rating noted as ‘Resumes’ with the recommendation being set at ‘EQUAL WEIGHT’ this morning by analysts at Morgan Stanley. UNITE Group plc are listed in the Financials sector within UK Main Market. Morgan Stanley have set their target price at 1150 GBX on its stock. This now indicates the analyst believes there is a potential downside of -5.7% from the opening price of 1219 GBX. Over the last 30 and 90 trading days the company share price has increased 86 points and increased 209 points respectively. The 52 week high share price is 1262 GBX while the 52 week low for the share price is 793 GBX.

UNITE Group plc has a 50 day moving average of 1,162.08 GBX and the 200 Day Moving Average price is recorded at 1,035.28. There are currently 363,531,737 shares in issue with the average daily volume traded being 778,311. Market capitalisation for LON:UTG is £4,416,910,604 GBP.

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