JPMorgan Chase & Co. Cuts Unite Group (LON:UTG) Price Target to GBX 640

Unite Group (LON:UTG) had its price target reduced by stock analysts at JPMorgan Chase & Co. from GBX 690 to GBX 640 in a report released on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.86% from the company’s current price.

Several other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 640 price objective on shares of Unite Group in a research note on Tuesday, May 12th. UBS Group reissued a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a research note on Friday, July 3rd. Berenberg Bank restated a “buy” rating and set a GBX 623 target price on shares of Unite Group in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 683.62.

Unite Group Price Performance

UTG stock opened at GBX 543 on Wednesday. The stock has a 50-day moving average price of GBX 520.56 and a two-hundred day moving average price of GBX 514.57. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 766. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The company has a market cap of £2.79 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95.

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.