Unite Group PLC (LON:UTG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Unite Group PLC (LON:UTG) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 613.75.

Several equities analysts have recently issued reports on UTG shares. Citigroup cut Unite Group to a “neutral” rating and decreased their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Berenberg Bank upped their price target on shares of Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a research report on Wednesday, August 5th. UBS Group reiterated 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. lowered their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Wednesday, July 29th.

Unite Group Stock Performance

Shares of UTG opened at GBX 472 on Monday. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 729.50. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The stock has a market capitalization of £2.43 billion, a price-to-earnings ratio of -4.83, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The stock’s 50-day simple moving average is GBX 522.05 and its 200 day simple moving average is GBX 501.04.

Unite Group (LON:UTG) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. Research analysts forecast 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.