UNITE Group (LON:UTG)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 770 ($9.48) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 18.00% from the company’s previous close.
Several other equities research analysts also recently issued reports on UTG. Berenberg Bank downgraded UNITE Group to a “hold” rating and dropped their target price for the stock from GBX 1,150 ($14.15) to GBX 1,000 ($12.31) in a research report on Wednesday, July 1st. JPMorgan Chase & Co. restated an “overweight” rating on shares of UNITE Group in a research report on Wednesday, June 3rd. Peel Hunt upgraded UNITE Group to an “add” rating and increased their price objective for the stock from GBX 900 ($11.08) to GBX 1,000 ($12.31) in a research report on Tuesday, July 7th. Barclays increased their price objective on UNITE Group from GBX 1,065 ($13.11) to GBX 1,090 ($13.41) and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Jefferies Financial Group upgraded UNITE Group to a “buy” rating and lowered their price objective for the stock from GBX 1,200 ($14.77) to GBX 932 ($11.47) in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 986.50 ($12.14).
Shares of LON:UTG traded up GBX 34 ($0.42) during trading on Wednesday, hitting GBX 939 ($11.56). 1,203,773 shares of the company were exchanged, compared to its average volume of 744,474. The company has a market cap of $3.74 billion and a PE ratio of -29.81. The stock has a 50 day moving average of GBX 888.60 and a 200 day moving average of GBX 1,012.75. UNITE Group has a 52-week low of GBX 6.84 ($0.08) and a 52-week high of GBX 1,351 ($16.63). The company has a debt-to-equity ratio of 54.23, a current ratio of 0.73 and a quick ratio of 0.58.
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.
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