Unite Group PLC (LON:UTG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Unite Group PLC (LON:UTG) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 689.88.

A number of equities analysts recently weighed in on UTG shares. UBS Group reissued a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 640 target price on shares of Unite Group in a research note on Tuesday, May 12th. The Goldman Sachs Group reduced their target price on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 481 price target on shares of Unite Group in a research note on Tuesday, May 12th.

Unite Group Stock Up 1.3%

Shares of LON:UTG opened at GBX 555 on Friday. The company has a market capitalization of £2.85 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. The business has a fifty day moving average price of GBX 517.88 and a two-hundred day moving average price of GBX 515. Unite Group has a 1 year low of GBX 442.20 and a 1 year high of GBX 790.50.

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.