Unite Group (LON:UTG) Earns Buy Rating from UBS Group

Unite Group (LON:UTG)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 585 price objective on the stock. UBS Group’s price target suggests a potential upside of 13.04% from the stock’s current price.

Several other research firms have also weighed in on UTG. JPMorgan Chase & Co. cut their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 price objective on shares of Unite Group in a research note on Tuesday, May 12th. The Goldman Sachs Group decreased their price objective 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 481 target price on shares of Unite Group in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 708.75.

Unite Group Price Performance

UTG opened at GBX 517.50 on Friday. The company has a fifty day moving average price of GBX 499.30 and a two-hundred day moving average price of GBX 516.92. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 826.05. The firm has a market capitalization of £2.69 billion, a PE ratio of 26.01, a P/E/G ratio of 3.20 and a beta of 0.95.

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.