Unite Group’s (UTG) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Unite Group (LON:UTG)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 640 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 37.28% from the company’s previous close.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research report on Monday, April 13th. The Goldman Sachs Group reduced their target price on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research report on Monday, March 30th. Jefferies Financial Group reissued a “hold” rating and set a GBX 481 price target on shares of Unite Group in a research report on Tuesday. Finally, Berenberg Bank dropped their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 726.43.

Unite Group Trading Down 3.1%

LON UTG traded down GBX 15 on Tuesday, hitting GBX 466.20. The company’s stock had a trading volume of 3,516,100 shares, compared to its average volume of 10,238,412. The firm has a market cap of £2.46 billion, a P/E ratio of 23.43, a PEG ratio of 3.20 and a beta of 0.93. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 874.50. The company’s 50-day simple moving average is GBX 472.45 and its 200 day simple moving average is GBX 527.23. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55.

Unite Group (LON:UTG) last posted its earnings results on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a return on equity of 2.03% and a net margin of 30.06%. Research analysts predict that Unite Group will post 47.9341004 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of Unite Group stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, for a total transaction of £200,940.65. Corporate insiders own 0.77% of the company’s stock.

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.