Unite Group (LON:UTG) Earns Buy Rating from Berenberg Bank

Unite Group (LON:UTG)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 623 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.92% from the company’s current price.

UTG has been the subject of several other reports. The Goldman Sachs Group lowered their price target on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. dropped their target price on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a report on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 640 price objective on shares of Unite Group in a research report on Tuesday, May 12th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Unite Group presently has an average rating of “Moderate Buy” and an average price target of GBX 689.88.

Unite Group Trading Down 1.6%

Shares of LON UTG opened at GBX 510.98 on Wednesday. Unite Group has a twelve month low of GBX 442.20 and a twelve month high of GBX 822. The stock has a market cap of £2.63 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 3.20 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. The company’s fifty day moving average is GBX 502.21 and its 200-day moving average is GBX 516.58.

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.