Unite Group (LON:UTG) Price Target Lowered to GBX 640 at Deutsche Bank Aktiengesellschaft

Unite Group (LON:UTG) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 640 in a research note published on Friday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Berenberg Bank decreased their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a report on Monday, January 26th. Panmure Gordon reiterated a “hold” rating and set a GBX 675 target price on shares of Unite Group in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 823.50.

Unite Group Stock Down 0.8%

LON:UTG opened at GBX 470.40 on Friday. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97. The firm has a market cap of £2.54 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.20 and a beta of 0.98. Unite Group has a fifty-two week low of GBX 460.80 and a fifty-two week high of GBX 884. The firm has a 50-day simple moving average of GBX 543.56 and a two-hundred day simple moving average of GBX 579.17.

Unite Group (LON:UTG) last issued its earnings results on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. Analysts predict that Unite Group will post 47.9341004 earnings per share for the current fiscal year.

Insider Buying and Selling at Unite Group

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is owned by insiders.

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.