Unite Group (LON:UTG) Stock Keeps “Hold” Rating at Peel Hunt

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a note issued to investors on Thursday, October 8th, Digital Look reports. They currently have a GBX 555 target price on the stock. Peel Hunt’s price target points to a potential upside of 24.66% from the stock’s current price.

A number of other brokerages have also commented on UTG. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 503 target price on shares of Unite Group in a research report on Thursday, October 1st. Citigroup lowered 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. 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 report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, UBS Group restated a “buy” rating and set a GBX 585 price objective on shares of Unite Group in a report on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 599.44.

Unite Group Trading Up 1.7%

UTG stock traded up GBX 7.60 during trading on Thursday, hitting GBX 445.20. The company had a trading volume of 29,931,865 shares, compared to its average volume of 10,507,151. The stock has a market cap of £2.29 billion, a PE ratio of -4.55, a PEG ratio of 3.20 and a beta of 0.94. The business has a 50-day moving average of GBX 486.53 and a 200-day moving average of GBX 496.29. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. Unite Group has a one year low of GBX 416 and a one year high of GBX 599.

Unite Group (LON:UTG) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. Research analysts predict that Unite Group will post 47.93 earnings per share for the current fiscal year.

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.