Unite Group (LON:UTG) Stock Rating Reaffirmed as Buy by Berenberg Bank

Unite Group (LON:UTG)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Thursday, October 8th, Marketbeat reports. They currently have a GBX 668 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 50.04% from the stock’s previous close.

A number of other research firms have also issued reports on UTG. JPMorgan Chase & Co. dropped their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a GBX 503 target price on shares of Unite Group in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citigroup lowered shares of Unite Group to a “neutral” rating and lowered their price target for the company from GBX 906 to GBX 579 in a report on Monday, August 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 599.44.

Unite Group Stock Up 1.7%

Shares of LON:UTG traded up GBX 7.60 during mid-day trading on Thursday, hitting GBX 445.20. 29,931,865 shares of the company traded hands, compared to its average volume of 10,507,151. The firm has a market cap of £2.29 billion, a P/E ratio of -4.55, a PEG ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. Unite Group has a 52-week low of GBX 416 and a 52-week high of GBX 599. The firm’s 50 day simple moving average is GBX 486.53 and its 200 day simple moving average is GBX 496.29.

Unite Group (LON:UTG) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. On average, equities analysts anticipate that Unite Group will post 47.93 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.