Unite Group PLC (LON:UTG) Receives GBX 726.43 Average Target Price from Analysts

Unite Group PLC (LON:UTG) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 726.43.

A number of research firms have recently issued reports on UTG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a research note on Tuesday, May 12th. The Goldman Sachs Group lowered their price target on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 640 price target on shares of Unite Group in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research note on Monday, April 13th.

Unite Group Price Performance

Shares of UTG stock opened at GBX 512 on Wednesday. The firm’s 50-day moving average is GBX 497.62 and its two-hundred day moving average is GBX 517.03. The company has a market capitalization of £2.66 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. Unite Group has a 12 month low of GBX 442.20 and a 12 month high of GBX 851.50. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73.

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.