Unite Group’s (UTG) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Unite Group (LON:UTGFree Report) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,155 ($14.59) price objective on the stock.

Other equities research analysts have also issued reports about the stock. Bank of America reissued a buy rating and set a GBX 1,030 ($13.01) target price on shares of Unite Group in a research note on Monday, November 20th. Berenberg Bank reaffirmed a hold rating and issued a GBX 1,052 ($13.29) price target on shares of Unite Group in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 1,099.57 ($13.89).

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Unite Group Trading Up 0.2 %

UTG stock opened at GBX 1,008 ($12.73) on Friday. The company’s 50-day simple moving average is GBX 1,019.42 and its 200-day simple moving average is GBX 959.91. The company has a quick ratio of 0.73, a current ratio of 0.71 and a debt-to-equity ratio of 35.73. Unite Group has a 52-week low of GBX 834.28 ($10.54) and a 52-week high of GBX 1,069 ($13.50). The firm has a market cap of £4.39 billion, a P/E ratio of 2,874.29, a PEG ratio of 3.20 and a beta of 1.20.

Insider Activity at Unite Group

In other Unite Group news, insider Dame Shirley Pearce DBE acquired 28 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of GBX 960 ($12.12) per share, for a total transaction of £268.80 ($339.48). 0.32% of the stock is currently owned by corporate insiders.

Unite Group Company Profile

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Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.

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