Unite Group’s (UTG) “Hold” Rating Reiterated at Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Thursday, October 1st, MarketBeat reports. They currently have a GBX 503 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 19.82% from the stock’s current price.

A number of other brokerages have also weighed in on UTG. JPMorgan Chase & Co. lowered their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group reissued a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a research report on Friday, July 3rd. Berenberg Bank boosted their price target 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Citigroup lowered shares of Unite Group to a “neutral” rating and dropped their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 607.22.

Unite Group Stock Down 5.1%

UTG stock traded down GBX 22.40 during trading on Thursday, reaching GBX 419.80. 2,991,344 shares of the stock were exchanged, compared to its average volume of 10,582,297. The firm’s 50 day moving average is GBX 497.81 and its 200 day moving average is GBX 497.44. Unite Group has a twelve month low of GBX 416 and a twelve month high of GBX 632. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The firm has a market cap of £2.16 billion, a P/E ratio of -4.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Unite Group (LON:UTG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. As a group, research analysts forecast that Unite Group will post 47.9341004 EPS for the current 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.