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Unite Group plc ( (GB:UTG) ) has issued an announcement.
Unite Group PLC announced the results of its 2024 final scrip dividend election, with elections received for 22,648,590 shares, representing approximately 4.63% of the company’s share capital. This will lead to the issuance of 544,183 new ordinary shares, which will be admitted to the Official List and traded on the London Stock Exchange’s Main Market. The total number of shares in issue will increase to 489,352,205, impacting shareholder calculations under the UK Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 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 Outperform.
Unite Group plc’s strong financial performance and attractive valuation are significant strengths. Positive corporate events further enhance growth potential. While technical indicators show some short-term weakness, the overall outlook remains positive, positioning the stock as a compelling investment opportunity.
To see Spark’s full report on GB:UTG stock, click here.
More about Unite Group plc
Average Trading Volume: 1,110,990
Technical Sentiment Signal: Sell
Current Market Cap: £3.95B
Find detailed analytics on UTG stock on TipRanks’ Stock Analysis page.
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