Unite Group Plc (LON:UTG) Receives GBX 1,264 Average Price Target from Analysts

Unite Group Plc (LON:UTG – Get Rating) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,264 ($15.48).

UTG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 1,350 ($16.54) to GBX 1,300 ($15.92) and set an “overweight” rating on the stock in a research report on Thursday, March 31st. Berenberg Bank restated a “buy” rating and issued a GBX 1,350 ($16.54) price objective on shares of Unite Group in a report on Wednesday, March 23rd. Morgan Stanley restated an “equal weight” rating on shares of Unite Group in a report on Wednesday, May 11th. Finally, Barclays restated an “overweight” rating and issued a GBX 1,220 ($14.94) price objective on shares of Unite Group in a report on Monday, May 23rd.

Shares of LON:UTG opened at GBX 1,082 ($13.25) on Thursday. Unite Group has a 1 year low of GBX 934.80 ($11.45) and a 1 year high of GBX 1,250 ($15.31). The firm has a market capitalization of £4.33 billion and a price-to-earnings ratio of 12.66. The company has a debt-to-equity ratio of 35.52, a current ratio of 1.91 and a quick ratio of 0.86. The business’s 50 day moving average price is GBX 1,098.37 and its 200-day moving average price is GBX 1,082.07.

In other news, insider Richard Smith sold 386 shares of Unite Group stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of GBX 642 ($7.86), for a total transaction of £2,478.12 ($3,035.42).

Unite Group Company Profile (Get Rating)

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. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.

Recommended Stories