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

Unite Group Plc (LON:UTGGet Rating) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 1,264 ($15.48).

UTG has been the subject of several recent analyst reports. Barclays restated an “overweight” rating and set a GBX 1,220 ($14.94) target price on shares of Unite Group in a research note on Monday, May 23rd. Morgan Stanley restated an “equal weight” rating on shares of Unite Group in a research note on Wednesday, May 11th. JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 1,350 ($16.54) to GBX 1,300 ($15.92) and set an “overweight” rating for the company in a research note on Thursday, March 31st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,350 ($16.54) price objective on shares of Unite Group in a research note on Wednesday, March 23rd.

UTG stock opened at GBX 1,082 ($13.25) on Thursday. The business has a 50 day moving average price of GBX 1,098.37 and a 200 day moving average price of GBX 1,082.07. The stock has a market cap of £4.33 billion and a price-to-earnings ratio of 12.66. Unite Group has a fifty-two week low of GBX 934.80 ($11.45) and a fifty-two week high of GBX 1,250 ($15.31). The company has a quick ratio of 0.86, a current ratio of 1.91 and a debt-to-equity ratio of 35.52.

In other Unite Group news, insider Richard Smith sold 386 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of GBX 642 ($7.86), for a total value of £2,478.12 ($3,035.42).

Unite Group Company Profile (Get Rating)

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. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.

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Analyst Recommendations for Unite Group (LON:UTG)

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