Unite Group’s (UTG) “Buy” Rating Reaffirmed at Berenberg Bank

Unite Group (LON:UTG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 623 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 14.73% from the company’s previous close.

A number of other research firms have also issued reports on UTG. Jefferies Financial Group restated a “hold” rating and issued a GBX 481 target price on shares of Unite Group in a report on Tuesday, May 12th. The Goldman Sachs Group reduced their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. lowered their target price 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. UBS Group reiterated a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 price target on shares of Unite Group in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Unite Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 689.88.

Unite Group Stock Performance

LON UTG opened at GBX 543 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 785.50. The business has a fifty day moving average of GBX 519.35 and a 200-day moving average of GBX 514.70. The stock has a market cap of £2.79 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95.

Unite Group Company Profile

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.