Berenberg Bank Reiterates Buy Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued on Friday, MarketBeat.com reports. They presently have a GBX 855 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 62.58% from the stock’s previous close.

A number of other equities research analysts also recently commented on UTG. Panmure Gordon reiterated a “hold” rating and set a GBX 675 price target on shares of Unite Group in a report on Tuesday, November 25th. Citigroup reiterated a “buy” rating and set a GBX 1,205 price objective on shares of Unite Group in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 911.67.

Unite Group Trading Down 0.1%

Shares of UTG stock opened at GBX 525.90 on Friday. The stock has a 50-day simple moving average of GBX 602.78 and a 200 day simple moving average of GBX 720.38. Unite Group has a fifty-two week low of GBX 494.10 and a fifty-two week high of GBX 886. The stock has a market capitalization of £2.58 billion, a P/E ratio of 7.56, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76.

Insiders Place Their Bets

In other news, insider Ross Paterson purchased 5,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was acquired at an average price of GBX 621 per share, with a total value of £31,050. Also, insider Joe Lister bought 11,389 shares of the stock in a transaction on Thursday, September 4th. The shares were acquired at an average cost of GBX 690 per share, for a total transaction of £78,584.10. 0.83% of the stock is owned by insiders.

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.