Unite Group PLC (LON:UTG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Unite Group PLC (LON:UTG) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 726.43.

A number of equities research analysts have commented on UTG shares. JPMorgan Chase & Co. decreased their price target on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a report on Monday, April 13th. The Goldman Sachs Group decreased their price target on Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a 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 report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 price target on shares of Unite Group in a report on Tuesday, May 12th.

Unite Group Price Performance

Shares of Unite Group stock opened at GBX 503.50 on Friday. Unite Group has a one year low of GBX 442.20 and a one year high of GBX 874.50. The stock’s fifty day moving average is GBX 476.40 and its 200 day moving average is GBX 518.35. The stock has a market cap of £2.66 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.20 and a beta of 0.93. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97.

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.