Berenberg Bank Cuts Unite Group (LON:UTG) Price Target to GBX 774

Unite Group (LON:UTG) had its target price trimmed by Berenberg Bank from GBX 855 to GBX 774 in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Panmure Gordon reiterated a “hold” rating and issued a GBX 675 target price on shares of Unite Group in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 884.67.

Unite Group Stock Performance

LON UTG opened at GBX 575 on Monday. The company’s fifty day moving average is GBX 548.19 and its two-hundred day moving average is GBX 634.83. Unite Group has a 52-week low of GBX 494.10 and a 52-week high of GBX 885.61. The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73. The firm has a market capitalization of £2.82 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 3.20 and a beta of 1.24.

Insider Activity

In other Unite Group news, insider Joe Lister purchased 10,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average price of GBX 526 per share, for a total transaction of £52,600. Also, insider Michael Burt acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were bought at an average cost of GBX 522 per share, for a total transaction of £52,200. 0.83% of the stock is currently owned by insiders.

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.