Unite Group PLC (LON:UTG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Unite Group PLC (LON:UTG) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Three 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 brokerages that have covered the stock in the last year is GBX 613.75.

A number of equities analysts recently weighed in on UTG shares. Citigroup downgraded shares of Unite Group to a “neutral” rating and cut their price target for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Berenberg Bank boosted their price objective on shares of Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a research note on Wednesday, August 5th. UBS Group restated a “buy” rating and set a GBX 585 target price on shares of Unite Group in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th.

Unite Group Stock Up 1.3%

UTG stock opened at GBX 478 on Monday. The firm has a market capitalization of £2.46 billion, a PE ratio of -4.89, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. Unite Group has a twelve month low of GBX 442.20 and a twelve month high of GBX 729.50. The stock’s 50 day moving average is GBX 522.05 and its 200-day moving average is GBX 500.49.

Unite Group (LON:UTG) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. Sell-side analysts expect that Unite Group will post 47.9341004 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.