Jefferies Group upgraded shares of UNITE Group plc (LON:UTG) to a hold rating in a research note released on Monday morning, Market Beat reports. They currently have GBX 569 ($8.11) price objective on the stock, down from their previous price objective of GBX 609 ($8.68).

UNITE Group plc (LON:UTG) opened at 635.000 on Monday. The stock’s market cap is GBX 1.42 billion. The firm’s 50-day moving average is GBX 637.23 and its 200 day moving average is GBX 646.07. UNITE Group plc has a one year low of GBX 485.50 and a one year high of GBX 706.00.

Several other equities analysts have also commented on UTG. Numis Securities Ltd reaffirmed an add rating and issued a GBX 710 ($10.12) price objective on shares of UNITE Group plc in a research report on Monday, January 11th. Liberum Capital reaffirmed a hold rating and issued a GBX 675 ($9.62) price objective on shares of UNITE Group plc in a research report on Friday, January 15th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 780 ($11.11) price objective on shares of UNITE Group plc in a research report on Wednesday, January 13th. Kempen & Co reaffirmed a buy rating and issued a GBX 760 ($10.83) price objective on shares of UNITE Group plc in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 770 ($10.97) price objective on shares of UNITE Group plc in a research report on Thursday, December 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 691.13 ($9.85).

The UNITE Group Plc is a developer and operator of student accommodation. The Company’s properties provide accommodation close to University campuses, transport and local amenities. It operates under two segments: Operations and Property. The Operations segment manages rental properties, owned directly by the Company or by joint ventures. The Company’s Property segment undertakes the acquisition and development of properties. It operates across the United Kingdom in 25 cities. Its services include Wi-Fi, utilities, insurance, maintenance, round the clock security and fortnightly professional cleaning of communal areas. It has also invested in and operates a small number of specialist funds and joint ventures with institutional investment partners.

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