Unite Group PLC (LON:UTG) Stock Has Average Price Target of GBX 613.75

Shares of Unite Group PLC (LON:UTG) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 613.75.

UTG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Berenberg Bank upped their price objective on shares of Unite Group from GBX 623 to GBX 668 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. UBS Group reissued a “buy” rating and set a GBX 585 target price on shares of Unite Group in a research note on Friday, July 3rd. Jefferies Financial Group restated a “hold” rating and set a GBX 503 target price on shares of Unite Group in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday, July 29th.

Unite Group Price Performance

Shares of UTG opened at GBX 461 on Friday. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 729.50. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. 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 stock’s 50-day moving average price is GBX 503.69 and its 200-day moving average price is GBX 498.13.

Unite Group (LON:UTG) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 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, sell-side analysts predict that Unite Group will post 47.9341004 EPS for the current 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.