Unite Group (LON:UTG) Given Hold Rating at Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 503 target price on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 7.45% from the stock’s previous close.

UTG has been the subject of a number of other reports. UBS Group reissued a “buy” rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 623 target price on shares of Unite Group in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 640 target price on shares of Unite Group in a report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Unite Group currently has an average rating of “Moderate Buy” and an average price target of GBX 686.38.

Unite Group Stock Performance

Unite Group stock opened at GBX 543.50 on Wednesday. The company has a market cap of £2.79 billion, a PE ratio of 27.31, a PEG ratio of 3.20 and a beta of 0.95. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. Unite Group has a 1 year low of GBX 442.20 and a 1 year high of GBX 766. The company’s 50-day moving average is GBX 520.56 and its two-hundred day moving average is GBX 514.57.

Unite Group Company Profile

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.

Our people are driven by a common purpose: to provide a ‘Home for Success’ for the students who live with us. Unite’s accommodation is safe and secure, high quality and affordable.