Unite Group Proposes Acquisition of Empiric Student Property

An announcement from Unite Group plc ( (GB:UTG) ) is now available.

Unite Group plc has made a non-binding proposal to acquire Empiric Student Property plc, valuing Empiric’s shares at approximately £719 million. The offer includes a mix of cash and new Unite shares, representing a significant premium over Empiric’s recent share prices. This acquisition aims to expand Unite’s portfolio and strengthen its position in the student accommodation market, potentially enhancing earnings and shareholder returns through operational synergies.

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 exhibits strong financial health and strategic corporate actions, highlighted by robust revenue growth, attractive valuation, and positive corporate events. Technical indicators support a bullish outlook, while strategic investments account for negative free cash flow. The overall score reflects a solid investment opportunity with potential for growth.

To see Spark’s full report on GB:UTG stock, click here.

More about Unite Group plc

Unite Group plc operates in the student accommodation sector, providing housing solutions for students in the UK. It focuses on enhancing the student experience through its high-quality residential offerings and services, catering to both undergraduate and postgraduate students.

Average Trading Volume: 1,085,844

Technical Sentiment Signal: Buy

Current Market Cap: £4.21B

See more data about UTG stock on TipRanks’ Stock Analysis page.