Unite Group (LON:UTG) Earns Hold Rating from Peel Hunt

Unite Group (LON:UTG)‘s stock had its “hold” rating reissued by investment analysts at Peel Hunt in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 555 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 29.98% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Citigroup cut Unite Group to a “neutral” rating and dropped their target price for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 503 price target on shares of Unite Group in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unite Group has an average rating of “Moderate Buy” and a consensus price target of GBX 599.44.

Unite Group Stock Performance

Shares of UTG opened at GBX 427 on Thursday. The firm has a market capitalization of £2.19 billion, a PE ratio of -4.37, 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. The firm has a 50-day moving average price of GBX 492.99 and a 200 day moving average price of GBX 496.84. Unite Group has a 52-week low of GBX 416 and a 52-week high of GBX 619.

Unite Group (LON:UTG) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. On average, sell-side analysts anticipate that Unite Group will post 47.93 earnings per share 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.