Unite Group (LON:UTG) Price Target Raised to GBX 668

Unite Group (LON:UTG) had its price objective raised by Berenberg Bank from GBX 623 to GBX 668 in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

UTG has been the subject of several other research reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 503 price target on shares of Unite Group in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. JPMorgan Chase & Co. lowered their price objective on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Citigroup downgraded Unite Group to a “neutral” rating and cut their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Unite Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 613.75.

Unite Group Stock Up 0.5%

UTG opened at GBX 537.22 on Wednesday. The firm’s 50 day simple moving average is GBX 526.19 and its two-hundred day simple moving average is GBX 513.10. The company has a market capitalization of £2.76 billion, a PE ratio of -5.49, a PEG ratio of 3.20 and a beta of 0.95. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 751. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65.

Unite Group (LON:UTG) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. As a group, equities analysts forecast that Unite Group will post 47.9341004 EPS for the current year.

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.