UBS Group Reiterates “Buy” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “buy” rating restated by UBS Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 585 target price on the stock. UBS Group’s price objective indicates a potential upside of 13.04% from the stock’s current price.

Several other equities analysts also recently issued reports on UTG. JPMorgan Chase & Co. cut their price objective on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research report on Monday, April 13th. Jefferies Financial Group restated a “hold” rating and issued a GBX 481 target price on shares of Unite Group in a research note on Tuesday, May 12th. The Goldman Sachs Group cut their price target on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 price objective on shares of Unite Group in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Unite Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 708.75.

Unite Group Stock Down 0.1%

Shares of UTG opened at GBX 517.50 on Friday. The company has a market capitalization of £2.69 billion, a P/E ratio of 26.01, a PEG ratio of 3.20 and a beta of 0.95. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. Unite Group has a one year low of GBX 442.20 and a one year high of GBX 826.05. The business’s 50 day simple moving average is GBX 499.30 and its 200-day simple moving average is GBX 516.92.

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.