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

Shares of Unite Group PLC (LON:UTG) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 689.88.

A number of analysts have recently issued reports on UTG shares. JPMorgan Chase & Co. dropped their price objective on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 640 target price on shares of Unite Group in a research note on Tuesday, May 12th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 623 price target on shares of Unite Group in a report on Wednesday, July 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 481 price target on shares of Unite Group in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group cut 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.

Unite Group Stock Performance

Unite Group stock opened at GBX 537.50 on Friday. The firm has a market capitalization of £2.76 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. Unite Group has a one year low of GBX 442.20 and a one year high of GBX 812.50. The stock’s 50 day moving average price is GBX 510.84 and its 200 day moving average price is GBX 515.32. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97.

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.