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

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They presently have a GBX 450 price objective on the stock. Jefferies Financial Group‘s price target indicates a potential downside of 10.36% from the company’s previous close.

UTG has been the topic of a number of other reports. Peel Hunt reissued a “hold” rating and set a GBX 555 price objective on shares of Unite Group in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Unite Group from GBX 640 to GBX 570 and set a “buy” rating on the stock in a research report on Thursday, October 8th. 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. Berenberg Bank restated a “buy” rating and issued a GBX 668 price objective on shares of Unite Group in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Unite Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 593.56.

Unite Group Price Performance

UTG opened at GBX 502 on Thursday. The stock has a 50-day moving average price of GBX 469.23 and a 200-day moving average price of GBX 502.75. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 599. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The stock has a market capitalization of £2.58 billion, a P/E ratio of -5.13, a PEG ratio of 3.20 and a beta of 0.93.

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.