Unite Group PLC (LON:UTG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Unite Group PLC (LON:UTG) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 726.43.

Several equities research analysts have recently issued reports on UTG shares. The Goldman Sachs Group lowered their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a report on Tuesday, May 12th. JPMorgan Chase & Co. reduced 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 640 target price on shares of Unite Group in a research report on Tuesday, May 12th.

Unite Group Stock Up 1.5%

Unite Group stock opened at GBX 516 on Wednesday. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 864. The firm has a fifty day moving average price of GBX 492.96 and a two-hundred day moving average price of GBX 516.89. The firm has a market cap of £2.68 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.20 and a beta of 0.95.

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.