Qube Research Discloses 1.58% Stake in The Unite Group PLC
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 hour ago0mins
- Stake Disclosure: Qube Research & Technologies Limited has disclosed a 1.58% stake in The Unite Group PLC, indicating its investment intentions which may influence market perceptions of the company.
- Cash-Settled Derivatives: Qube holds 7,771,223 cash-settled derivatives, reflecting its active trading strategy in this area, potentially generating additional returns for its investment portfolio.
- Trading Activity Overview: In recent transactions, Qube has executed multiple trades by decreasing long positions across various price ranges, demonstrating its sensitivity to market fluctuations and ability to respond flexibly.
- Compliance Statement: This disclosure adheres to Rule 8 of the Takeover Code, ensuring transparency and enhancing market trust in its investment strategy.
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Analyst Views on UTG
Wall Street analysts forecast UTG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UTG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
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0 Sell
Current: 37.600
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Current: 37.600
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Morgan Stanley
Overweight -> NULL
downgrade
2025-12-04
New
Reason
Morgan Stanley
Price Target
2025-12-04
New
downgrade
Overweight -> NULL
Reason
Morgan Stanley lowered the firm's price target on Unite Group to 700 GBp from 960 GBp and keeps an Overweight rating on the shares.
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About UTG
Reaves Utility Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in dividend-paying common and preferred stocks of companies in the utility industry. The Fund pursues its investment objective by investing at least 80% of its total assets in the securities of domestic and foreign companies involved to a significant extent in providing products, services or equipment for the generation or distribution of electricity, gas or water; telecommunications activities, and infrastructure operations, such as airports, toll roads and municipal services. The Fund may invest in preferred stocks and bonds of below investment grade quality (junk bonds). The Fund's investment adviser is W.H. Reaves & Co. Inc.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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