Unite Group PLC (LON:UTG) Stock Has Consensus Price Target of GBX 613.75 According to Brokerages

Unite Group PLC (LON:UTG) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 613.75.

Several research analysts recently weighed in on UTG shares. Citigroup cut shares of Unite Group to a “neutral” rating and cut their price target for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. UBS Group reiterated 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. dropped their target price on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th.

Unite Group Stock Performance

UTG opened at GBX 450 on Friday. The company has a market cap of £2.31 billion, a P/E ratio of -4.60, a PEG ratio of 3.20 and a beta of 0.94. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The company’s 50 day moving average is GBX 499.63 and its 200-day moving average is GBX 497.66. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 713.50.

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

Unite Group Company Profile

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.