Unite Group’s (UTG) “Hold” Rating Reiterated at Peel Hunt

Unite Group (LON:UTG)‘s stock had its “hold” rating reaffirmed by investment analysts at Peel Hunt in a research note issued on Thursday, Digital Look reports. They currently have a GBX 555 price objective on the stock. Peel Hunt’s target price points to a potential upside of 32.21% from the company’s current price.

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

Unite Group Price Performance

Shares of LON:UTG traded down GBX 22.40 during trading on Thursday, hitting GBX 419.80. 2,991,344 shares of the company were exchanged, compared to its average volume of 10,582,297. Unite Group has a 1-year low of GBX 416 and a 1-year high of GBX 632. The company has a market capitalization of £2.16 billion, a P/E ratio of -4.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. The business’s 50 day moving average is GBX 497.81 and its 200-day moving average is GBX 497.44.

Unite Group (LON:UTG) last issued its quarterly earnings data 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%. 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.