Unite Group Proposes Acquisition of Empiric Student Property

The latest update is out from Unite Group plc ( (GB:UTG) ).

Unite Group plc has made a non-binding proposal to acquire Empiric Student Property plc, valuing each Empiric share at 107.0 pence. This potential acquisition, which includes a mix of cash and shares, represents a significant premium over Empiric’s recent share prices. The deal could enhance Unite’s scale and growth potential, aligning with top UK universities and potentially increasing earnings and shareholder returns. However, there is no certainty that a firm offer will be made, and further announcements are expected.

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, focusing on providing housing solutions for students across the UK. The company aims to enhance its offerings to students throughout their academic journey, including returners and postgraduates, by expanding its portfolio.

Average Trading Volume: 1,085,844

Technical Sentiment Signal: Buy

Current Market Cap: £4.21B

For an in-depth examination of UTG stock, go to TipRanks’ Stock Analysis page.