UNITE Group’s (UTG) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of UNITE Group (LON:UTG) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also weighed in on UTG. Peel Hunt reaffirmed a buy rating and set a GBX 1,050 ($13.72) price objective on shares of UNITE Group in a research report on Thursday, June 20th. Liberum Capital reaffirmed a hold rating on shares of UNITE Group in a research report on Monday, August 12th. Numis Securities reaffirmed a hold rating and set a GBX 950 ($12.41) price objective on shares of UNITE Group in a research report on Monday, May 20th. Finally, Barclays started coverage on UNITE Group in a research report on Tuesday, August 6th. They set an overweight rating and a GBX 1,200 ($15.68) price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. UNITE Group presently has a consensus rating of Buy and an average target price of GBX 1,050 ($13.72).
UTG stock opened at GBX 1,040 ($13.59) on Tuesday. UNITE Group has a twelve month low of GBX 793 ($10.36) and a twelve month high of GBX 1,090 ($14.24). The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 31.91. The firm has a market cap of $3.01 billion and a PE ratio of 11.52. The business has a 50 day moving average of GBX 1,040.24 and a 200 day moving average of GBX 969.51.
About UNITE Group
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.
Recommended Story: Buy-Side Analysts
Receive News & Ratings for UNITE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group and related companies with MarketBeat.com's FREE daily email newsletter.