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

Unite Group PLC (LON:UTG) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 730.86.

A number of research firms have recently commented on UTG. JPMorgan Chase & Co. dropped their price target on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 512 price target on shares of Unite Group in a research report on Friday, April 10th. The Goldman Sachs Group dropped their price target on Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, Berenberg Bank dropped their price target on Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research report on Monday, January 26th.

Unite Group Trading Down 2.7%

LON:UTG opened at GBX 468 on Tuesday. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 874.50. The business’s 50-day moving average price is GBX 472.45 and its two-hundred day moving average price is GBX 527.23. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The firm has a market capitalization of £2.47 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.20 and a beta of 0.93.

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

Insider Activity at Unite Group

In other Unite Group news, insider Richard N. L. Huntingford purchased 37,985 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average price of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is currently owned by corporate insiders.

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.