Unite Group PLC (LON:UTG) Receives GBX 613.75 Consensus Target Price from Brokerages

by · The Markets Daily

Shares of Unite Group PLC (LON:UTG – Get Free Report) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 613.75.

UTG has been the subject of a number of research analyst reports. Citigroup lowered Unite Group to a “neutral” rating and decreased their target price for the company from GBX 906 to GBX 579 in a research report on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th. Berenberg Bank increased their target price on shares of Unite Group from GBX 623 to GBX 668 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 503 target price on shares of Unite Group in a report on Wednesday, July 29th.

View Our Latest Stock Analysis on UTG

Unite Group Price Performance

UTG opened at GBX 488.20 on Monday. The business has a fifty day moving average of GBX 523.96 and a 200 day moving average of GBX 501.99. The stock has a market cap of £2.51 billion, a P/E ratio of -4.99, a PEG ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 729.50.

Unite Group (LON:UTG – Get Free Report) last released 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, sell-side analysts anticipate that Unite Group will post 47.9341004 EPS for the current year.

About Unite Group

(Get Free Report)

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.

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