Unite Group (LON:UTG) Price Target Raised to GBX 668 at Berenberg Bank

Unite Group (LON:UTG) had its target price increased by stock analysts at Berenberg Bank from GBX 623 to GBX 668 in a report released on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 24.16% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup cut Unite Group to a “neutral” rating and decreased their price target for the company from GBX 906 to GBX 579 in a report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 503 price target on shares of Unite Group in a report on Wednesday, July 29th. Finally, UBS Group restated a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 613.75.

Unite Group Stock Performance

UTG opened at GBX 538 on Wednesday. The firm has a market cap of £2.76 billion, a P/E ratio of -5.50, a PEG ratio of 3.20 and a beta of 0.95. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 760.50. The company has a 50 day simple moving average of GBX 524.56 and a two-hundred day simple moving average of GBX 513.50. The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73.

Unite Group (LON:UTG) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. Equities analysts forecast that Unite Group will post 47.9341004 earnings per share 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.