Unite Group (LON:UTG) Price Target Cut to GBX 620 by Analysts at The Goldman Sachs Group

Unite Group (LON:UTG) had its price objective reduced by investment analysts at The Goldman Sachs Group from GBX 680 to GBX 620 in a research report issued on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 36.50% from the stock’s current price.

UTG has been the subject of several other reports. Berenberg Bank dropped their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 782.80.

Unite Group Trading Up 1.2%

LON:UTG traded up GBX 5.40 during trading hours on Monday, reaching GBX 454.20. 2,847,020 shares of the stock were exchanged, compared to its average volume of 11,344,027. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. The business has a 50-day moving average of GBX 532.05 and a two-hundred day moving average of GBX 568.99. Unite Group has a twelve month low of GBX 442.20 and a twelve month high of GBX 884. The company has a market capitalization of £2.45 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.20 and a beta of 0.98.

Unite Group (LON:UTG) last issued its quarterly earnings data on Tuesday, February 24th. The company reported GBX 47.50 earnings per share for the quarter. Unite Group had a return on equity of 2.03% and a net margin of 30.06%. On average, equities analysts predict that Unite Group will post 47.9341004 EPS for the current year.

Insider Activity at Unite Group

In other Unite Group news, insider Richard N. L. Huntingford bought 37,985 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average price of GBX 529 per share, with a total value of £200,940.65. Insiders own 0.77% of the company’s stock.

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.