Unite Group PLC (LON:UTG) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Unite Group PLC (LON:UTG) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 593.56.

Several brokerages have weighed in on UTG. Deutsche Bank Aktiengesellschaft reduced their price objective on Unite Group from GBX 640 to GBX 570 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Citigroup lowered Unite Group to a “neutral” rating and lowered their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Peel Hunt reiterated a “hold” rating and issued a GBX 555 target price on shares of Unite Group in a report on Thursday, October 8th. Berenberg Bank reiterated a “buy” rating and issued a GBX 668 target price on shares of Unite Group in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th.

Unite Group Stock Up 0.2%

Shares of LON UTG opened at GBX 474.20 on Tuesday. The firm’s 50-day moving average price is GBX 471.31 and its 200-day moving average price is GBX 503.90. 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 £2.44 billion, a price-to-earnings ratio of -4.85, a P/E/G ratio of 3.20 and a beta of 0.93. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 599.

Unite Group (LON:UTG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. On average, equities research analysts anticipate that Unite Group will post 47.93 EPS 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.