Deutsche Bank Aktiengesellschaft Cuts Unite Group (LON:UTG) Price Target to GBX 640

Unite Group (LON:UTG) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 640 in a research report sent to investors on Friday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Panmure Gordon restated a “hold” rating and issued a GBX 675 price objective on shares of Unite Group in a research note on Tuesday, November 25th. Berenberg Bank lowered their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 823.50.

Unite Group Trading Down 0.8%

Unite Group stock opened at GBX 470.40 on Friday. The business has a 50 day moving average price of GBX 543.56 and a two-hundred day moving average price of GBX 577.73. 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 stock has a market cap of £2.54 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.20 and a beta of 0.98. Unite Group has a 12 month low of GBX 460.80 and a 12 month high of GBX 884.

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

Insiders Place Their Bets

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, for a total transaction of £200,940.65. 0.77% of the stock is owned by company 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.

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.