Unite Group (LON:UTG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 503 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 9.11% from the stock’s previous close.

A number of other brokerages have also recently weighed in on UTG. Citigroup downgraded Unite Group to a “neutral” rating and cut their price target for the stock from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. JPMorgan Chase & Co. lowered their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Berenberg Bank lifted their target price on shares of Unite Group from GBX 623 to GBX 668 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 613.75.

Unite Group Price Performance

Unite Group stock opened at GBX 461 on Thursday. The stock has a market capitalization of £2.37 billion, a PE ratio of -4.71, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The business has a 50 day simple moving average of GBX 503.69 and a 200-day simple moving average of GBX 498.03. The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73. Unite Group has a 12 month low of GBX 442.20 and a 12 month high of GBX 729.50.

Unite Group (LON:UTG) last released its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. Equities analysts predict that Unite Group will post 47.9341004 earnings per share 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.