Unite Group (LON:UTG) Earns Hold Rating from Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 503 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.07% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective 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. Berenberg Bank raised their price target on Unite Group from GBX 623 to GBX 668 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. Finally, 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. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 613.75.

Unite Group Trading Down 1.0%

Shares of UTG opened at GBX 469.80 on Thursday. The stock has a market capitalization of £2.41 billion, a PE ratio of -4.80, a P/E/G ratio of 3.20 and a beta of 0.94. The company’s fifty day moving average is GBX 507.42 and its 200 day moving average is GBX 498.42. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 729.50.

Unite Group (LON:UTG) last issued its quarterly earnings data 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%. Sell-side analysts expect that Unite Group will post 47.9341004 earnings per share for the current fiscal year.

About Unite Group

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.