Unite Group (LON:UTG) Given “Hold” Rating at Berenberg Bank

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 1,052 ($13.67) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 8.79% from the company’s previous close.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,100 ($14.29) price target on shares of Unite Group in a report on Thursday, July 25th.

Unite Group Trading Up 0.7 %

Shares of Unite Group stock opened at GBX 967 ($12.56) on Thursday. Unite Group has a 12-month low of GBX 842 ($10.94) and a 12-month high of GBX 1,069 ($13.89). The company has a market cap of £4.72 billion, a price-to-earnings ratio of 1,585.25, a PEG ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.52. The company’s 50-day moving average price is GBX 927.91 and its 200-day moving average price is GBX 938.25.

Insider Activity at Unite Group

In related news, insider Joe Lister bought 2,777 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of GBX 900 ($11.69) per share, with a total value of £24,993 ($32,475.31). 0.30% of the stock is currently owned by insiders.

About Unite Group

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.