Peel Hunt Reaffirms Hold Rating for Unite Group (LON:UTG)

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

A number of other equities research analysts have also recently weighed in on UTG. Berenberg Bank restated a “buy” rating and set a GBX 668 price objective on shares of Unite Group in a research note on Thursday. Citigroup lowered shares of Unite Group to a “neutral” rating and decreased their target price for the company from GBX 906 to GBX 579 in a research report on Monday, August 3rd. JPMorgan Chase & Co. lowered their target price on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a GBX 503 price target on shares of Unite Group in a research report on Thursday, October 1st. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 607.22.

Unite Group Stock Performance

Shares of Unite Group stock traded down GBX 22.40 during trading on Thursday, hitting GBX 419.80. 2,991,344 shares of the stock were exchanged, compared to its average volume of 10,582,297. Unite Group has a 12 month low of GBX 416 and a 12 month high of GBX 632. 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 stock has a market cap of £2.16 billion, a PE ratio of -4.29, a P/E/G ratio of 3.20 and a beta of 0.94. The stock’s fifty day moving average is GBX 497.81 and its 200 day moving average is GBX 497.44.

Unite Group (LON:UTG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. As a group, sell-side analysts anticipate that Unite Group will post 47.9341004 EPS for the current year.

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.