Unite Group PLC (LON:UTG) Receives GBX 726.43 Consensus Target Price from Analysts

Unite Group PLC (LON:UTG) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 726.43.

Several research firms recently weighed in on UTG. Jefferies Financial Group restated a “hold” rating and issued a GBX 481 target price on shares of Unite Group in a report on Tuesday, May 12th. The Goldman Sachs Group reduced their target price on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. reduced their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 640 target price on shares of Unite Group in a report on Tuesday, May 12th.

Unite Group Stock Down 0.6%

Shares of Unite Group stock opened at GBX 506 on Friday. The firm has a market cap of £2.67 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.20 and a beta of 0.95. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 874.50. The stock has a 50-day simple moving average of GBX 478.38 and a 200-day simple moving average of GBX 517.99.

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.