Unite Group’s (UTG) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Unite Group (LON:UTG) in a research report released on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 503 price objective on the stock.

UTG has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 623 price objective on shares of Unite Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 640 target price on shares of Unite Group in a report on Tuesday, May 12th. UBS Group reaffirmed a “buy” rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Unite Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 686.38.

Unite Group Price Performance

Shares of LON:UTG opened at GBX 538 on Wednesday. The company has a market cap of £2.76 billion, a P/E ratio of 27.04, a P/E/G ratio of 3.20 and a beta of 0.95. The business has a fifty day simple moving average of GBX 522.95 and a 200-day simple moving average of GBX 514.25. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 764. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65.

Unite Group (LON:UTG) last released 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%. Equities research analysts forecast 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.