Unite Group (LON:UTG) Earns “Hold” Rating from Peel Hunt

Unite Group (LON:UTG)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 555 target price on the stock. Peel Hunt’s price target indicates a potential upside of 32.47% from the company’s previous close.

UTG has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 668 target price on shares of Unite Group in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 503 price objective on shares of Unite Group in a research report on Thursday, October 1st. UBS Group restated a “buy” rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 607.22.

Unite Group Stock Down 5.3%

Shares of UTG stock traded down GBX 23.24 on Thursday, reaching GBX 418.96. 3,223,108 shares of the company’s stock traded hands, compared to its average volume of 10,583,485. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 632. The company has a market capitalization of £2.15 billion, a P/E ratio of -4.28, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The business’s 50 day moving average price is GBX 497.81 and its two-hundred day moving average price is GBX 497.44.

Unite Group (LON:UTG) last issued its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. On average, equities analysts forecast that Unite Group will post 47.9341004 earnings per share for the current year.

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.