Unite Group (LON:UTG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a report released on Monday, London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Jefferies Financial Group‘s price target indicates a potential downside of 2.39% from the company’s current price.

Several other brokerages also recently commented on UTG. Peel Hunt reissued a “hold” rating and set a GBX 555 target price on shares of Unite Group in a research note on Thursday, October 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 668 target price 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 note on Thursday, October 8th. UBS Group reaffirmed a “buy” rating and set a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 593.56.

Unite Group Trading Up 1.3%

Shares of Unite Group stock opened at GBX 461 on Monday. The company has a market capitalization of £2.37 billion, a price-to-earnings ratio of -4.71, a PEG ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 599. The firm’s 50-day moving average price is GBX 475.23 and its two-hundred day moving average price is GBX 495.93.

Unite Group (LON:UTG) last issued its quarterly 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%. On average, analysts forecast 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.