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

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Monday, MarketBeat Ratings reports. They currently have a GBX 450 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential downside of 4.46% from the stock’s current price.

UTG has been the subject of several other reports. Citigroup lowered shares of Unite Group to a “neutral” rating and cut their target price for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft decreased 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. UBS Group reaffirmed a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. JPMorgan Chase & Co. cut their price objective on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 555 price objective on shares of Unite Group in a research report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Unite Group currently has an average rating of “Moderate Buy” and an average target price of GBX 593.56.

Unite Group Price Performance

Shares of LON:UTG opened at GBX 471 on Monday. The stock’s 50 day moving average price is GBX 474.63 and its 200 day moving average price is GBX 505.83. Unite Group has a 12 month low of GBX 416 and a 12 month high of GBX 599. The stock has a market cap of £2.42 billion, a price-to-earnings ratio of -4.82, a PEG ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73.

Unite Group (LON:UTG) last released its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. Equities research analysts anticipate that Unite Group will post 47.93 earnings per share for the current fiscal year.

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.