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Unite Group plc ( (GB:UTG) ) has issued an update.
Unite Group PLC has announced its strategic acquisition of Empiric Student Property plc, with plans to integrate and improve occupancy across Empiric’s portfolio. The company anticipates achieving annual cost synergies of at least £13.7 million, leveraging its operational platform and university relationships. The acquisition has been approved by Empiric shareholders and is currently under review by the Competition and Markets Authority, with completion expected by the second quarter of 2026. Unite remains confident in delivering earnings and dividend accretion from this acquisition, drawing on its successful integration of Liberty Living in 2019.
The most recent analyst rating on (GB:UTG) stock is a Hold with a £613.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Spark’s Take on GB:UTG Stock
According to Spark, TipRanks’ AI Analyst, GB:UTG is a Neutral.
Unite Group plc’s strong financial performance and attractive valuation are key strengths, contributing positively to the overall score. However, the bearish technical indicators significantly impact the score, reflecting current market sentiment and price trends. The absence of earnings call data and corporate events does not influence the score.
To see Spark’s full report on GB:UTG stock, click here.
More about Unite Group plc
Unite Students is the UK’s largest owner, manager, and developer of purpose-built student accommodation (PBSA), serving the country’s higher education sector. The company provides housing to 68,000 students across 152 properties in 23 university towns and cities, partnering with over 60 universities. Unite Students focuses on offering safe, secure, high-quality, and affordable accommodation, with a commitment to sustainability and a goal to achieve net zero carbon operations by 2030. Founded in 1991, Unite Group is a Real Estate Investment Trust listed on the London Stock Exchange.
Average Trading Volume: 1,992,627
Technical Sentiment Signal: Sell
Current Market Cap: £2.78B
For a thorough assessment of UTG stock, go to TipRanks’ Stock Analysis page.