UNITE Group (LON:UTG)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a report released on Tuesday, Digital Look reports. They currently have a GBX 1,150 ($15.13) price target on the stock. Morgan Stanley’s price objective would indicate a potential downside of 6.84% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Peel Hunt restated a “buy” rating on shares of UNITE Group in a research note on Tuesday, December 3rd. Liberum Capital restated a “hold” rating on shares of UNITE Group in a research note on Monday, October 7th. Finally, Barclays restated an “overweight” rating on shares of UNITE Group in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,066.67 ($14.03).
Shares of LON:UTG traded down GBX 2.50 ($0.03) on Tuesday, hitting GBX 1,234.50 ($16.24). The stock had a trading volume of 376,048 shares, compared to its average volume of 744,474. UNITE Group has a twelve month low of GBX 793 ($10.43) and a twelve month high of GBX 1,262 ($16.60). The company has a debt-to-equity ratio of 31.91, a quick ratio of 0.84 and a current ratio of 0.90. The firm’s 50 day moving average price is GBX 1,171.14 and its 200-day moving average price is GBX 1,062.01. The company has a market capitalization of $4.49 billion and a price-to-earnings ratio of 13.67.
In other UNITE Group news, insider Richard Akers purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of GBX 1,042 ($13.71) per share, with a total value of £20,840 ($27,413.84).
About UNITE Group
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.
Further Reading: Market Capitalization and Individual Investors
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