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

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 555 price target on the stock. Peel Hunt’s price target would suggest a potential upside of 32.21% from the company’s previous close.

Several other research firms also recently weighed in on UTG. UBS Group reissued a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a research report on Friday, July 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Citigroup downgraded shares of Unite Group to a “neutral” rating and cut their target price for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 668 target price on shares of Unite Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 607.22.

Unite Group Price Performance

Shares of LON:UTG traded down GBX 22.40 during trading on Thursday, reaching GBX 419.80. The company had a trading volume of 2,991,344 shares, compared to its average volume of 10,582,297. The firm’s fifty day moving average is GBX 497.81 and its 200 day moving average is GBX 497.44. 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 firm has a market capitalization of £2.16 billion, a PE ratio of -4.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Unite Group has a twelve month low of GBX 416 and a twelve month high of GBX 632.

Unite Group (LON:UTG) last released its earnings results 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%. On average, equities analysts forecast that Unite Group will post 47.9341004 EPS 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.