Unite Group PLC (UTG.L) – What Are Investment Firms Thinking About This Stock?

Shares of Unite Group PLC (LON:UTG) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 593.56.

A number of research firms have recently weighed in on UTG. 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. Deutsche Bank Aktiengesellschaft decreased their target price on Unite Group from GBX 640 to GBX 570 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Peel Hunt reissued a “hold” rating and issued a GBX 555 price target on shares of Unite Group in a report on Thursday, October 8th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 450 price target on shares of Unite Group in a report on Monday. Finally, Citigroup downgraded Unite Group to a “neutral” rating and dropped their price target for the stock from GBX 906 to GBX 579 in a research note on Monday, August 3rd.

Unite Group Stock Performance

Shares of LON UTG opened at GBX 462 on Tuesday. The firm’s 50-day moving average price is GBX 474.63 and its 200-day moving average price is GBX 505.83. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. The company has a market cap of £2.37 billion, a PE ratio of -4.72, a PEG ratio of 3.20 and a beta of 0.94. Unite Group has a 52-week low of GBX 416 and a 52-week high of GBX 599.

Unite Group (LON:UTG) last issued its quarterly earnings data 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%. As a group, 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.