Unite Group PLC (LON:UTG) Receives GBX 613.75 Consensus Target Price from Analysts

Unite Group PLC (LON:UTG) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 613.75.

A number of brokerages have weighed in on UTG. Berenberg Bank raised their price objective on Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 503 target price on shares of Unite Group in a report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a research report on Friday, July 3rd. Citigroup downgraded shares of Unite Group to a “neutral” rating and decreased their price target for the stock from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th.

Unite Group Stock Performance

UTG stock opened at GBX 520 on Thursday. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 745. The stock has a market cap of £2.67 billion, a price-to-earnings ratio of -5.32, a PEG ratio of 3.20 and a beta of 0.95. The business’s 50-day moving average is GBX 528.25 and its 200 day moving average is GBX 510.76.

Unite Group (LON:UTG) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. On average, sell-side analysts anticipate that Unite Group will post 47.9341004 EPS for the current fiscal year.

About Unite Group

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.