UNITE Group plc 7.7% potential upside indicated by Berenberg Bank

UNITE Group plc with ticker (LON:UTG) now has a potential upside of 7.7% according to Berenberg Bank.



Berenberg Bank set a target price of 1,052 GBX for the company, which when compared to the UNITE Group plc share price of 977 GBX at opening today (22/03/2024) indicates a potential upside of 7.7%. Trading has ranged between 834 (52 week low) and 1,069 (52 week high) with an average of 836,062 shares exchanging hands daily. The market capitalisation at the time of writing is £4,236,558,228.

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.