Unite Group (LON:UTG) Receives “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Unite Group (LON:UTG) in a report released on Tuesday,Digital Look reports. The brokerage currently has a GBX 481 price objective on the stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a report on Monday, April 13th. The Goldman Sachs Group lowered their price target on Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a report on Monday, March 30th. Berenberg Bank lowered their price target on Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a report on Friday, March 20th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Unite Group has a consensus rating of “Moderate Buy” and an average target price of GBX 726.43.

Unite Group Stock Performance

UTG stock opened at GBX 468.80 on Tuesday. The stock has a market capitalization of £2.47 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 874.50. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The stock’s 50 day simple moving average is GBX 471.75 and its 200 day simple moving average is GBX 526.45.

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

Insider Buying and Selling at Unite Group

In related news, insider Richard N. L. Huntingford bought 37,985 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is 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.