Unite Group (LON:UTG) Price Target Lowered to GBX 774 at Berenberg Bank

Unite Group (LON:UTG) had its target price reduced by Berenberg Bank from GBX 855 to GBX 774 in a research note issued to investors on Monday morning,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Panmure Gordon reiterated a “hold” rating and issued a GBX 675 price target on shares of Unite Group in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 884.67.

Unite Group Stock Performance

UTG traded down GBX 4.50 on Monday, hitting GBX 564. The company’s stock had a trading volume of 6,040,915 shares, compared to its average volume of 2,055,622. The company’s 50 day simple moving average is GBX 547.14 and its 200-day simple moving average is GBX 636.93. The firm has a market cap of £2.76 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Unite Group has a 12 month low of GBX 494.10 and a 12 month high of GBX 885.61. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76.

Insider Activity

In other Unite Group news, insider Joe Lister purchased 10,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 526 per share, for a total transaction of £52,600. Also, insider Michael Burt bought 10,000 shares of the stock in a transaction dated Friday, December 5th. The stock was bought at an average cost of GBX 522 per share, with a total value of £52,200. 0.83% of the stock is currently owned by corporate insiders.

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.