Unite Group (LON:UTG) Receives “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Unite Group (LON:UTG) in a research report released on Friday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 512 price objective on the stock.

A number of other research firms have also recently weighed in on UTG. The Goldman Sachs Group dropped their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Berenberg Bank dropped their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 737.67.

Unite Group Stock Up 0.1%

UTG stock opened at GBX 461.60 on Friday. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 884. The firm’s 50-day simple moving average is GBX 509.59 and its 200 day simple moving average is GBX 553.66. The stock has a market cap of £2.45 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 3.20 and a beta of 0.96.

Unite Group (LON:UTG) last released its quarterly earnings data on Tuesday, February 24th. The company reported GBX 47.50 earnings per share for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, sell-side analysts predict that Unite Group will post 47.9341004 EPS for the current year.

Insider Buying and Selling

In related news, insider Richard N. L. Huntingford bought 37,985 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of GBX 529 per share, with a total value of £200,940.65. Insiders own 0.77% of the company’s stock.

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.