The Unite (UTG.L) 20-11-19
Will shares in The Unite (UTG.L) continue to rally, setting new recent highs?
- Now trading at 1190p (at time of writing), the price performance has been very strong.
- Will it come to an end, or is this trend your friend?
- Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
- Shares -0% from 12-month highs; +49% from 12 month lows.
06 Nov: Unite, the student accommodation developer, announced that it had received regulatory approval for the £1.4bn acquisition of Liberty Living.
06 Aug: Barclays Capital today initiates coverage of Unite Group (UTG) with a overweight rating and target price of 1200p.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires