Unite Group PLC (LON:UTG) Given Average Rating of “Moderate Buy” by Brokerages

Unite Group PLC (LON:UTG) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 613.75.

UTG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Berenberg Bank lifted their price objective on Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price objective on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating and set a GBX 585 target price on shares of Unite Group in a research note on Friday, July 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 503 target price on shares of Unite Group in a report on Wednesday, July 29th.

Unite Group Stock Up 0.3%

Unite Group stock opened at GBX 527.53 on Thursday. Unite Group has a twelve month low of GBX 442.20 and a twelve month high of GBX 745. The stock’s fifty day simple moving average is GBX 527.19 and its 200-day simple moving average is GBX 511.65. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The firm has a market capitalization of £2.71 billion, a P/E ratio of -5.39, a P/E/G ratio of 3.20 and a beta of 0.95.

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