Unite Group (LON:UTG) Given Hold Rating at Peel Hunt

Unite Group (LON:UTG)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a report issued on Thursday, Digital Look reports. They presently have a GBX 555 price objective on the stock. Peel Hunt’s target price indicates a potential upside of 28.59% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Citigroup downgraded shares of Unite Group to a “neutral” rating and decreased their price target for the stock from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a GBX 503 price objective on shares of Unite Group in a research report on Thursday, October 1st. UBS Group restated a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 668 price objective on shares of Unite Group in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 599.44.

Unite Group Trading Up 0.7%

Shares of UTG stock opened at GBX 431.60 on Thursday. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The company has a market capitalization of £2.22 billion, a price-to-earnings ratio of -4.41, a PEG ratio of 3.20 and a beta of 0.94. Unite Group has a 52-week low of GBX 416 and a 52-week high of GBX 615. The company has a 50-day simple moving average of GBX 490.76 and a two-hundred day simple moving average of GBX 496.64.

Unite Group (LON:UTG) last announced its earnings results 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%. Research analysts anticipate that Unite Group will post 47.93 EPS 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.