Unite Group PLC (LON:UTG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Unite Group PLC (LON:UTG) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 726.43.

UTG has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research note on Monday, April 13th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a research note on Tuesday, May 12th. The Goldman Sachs Group dropped their price target on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 640 price target on shares of Unite Group in a research note on Tuesday, May 12th.

Unite Group Stock Performance

Unite Group stock opened at GBX 516.50 on Friday. The firm has a 50 day simple moving average of GBX 473.79 and a 200-day simple moving average of GBX 519.74. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 874.50. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. The stock has a market cap of £2.73 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93.

Unite Group (LON:UTG) last posted its quarterly earnings results on Tuesday, February 24th. The company reported GBX 47.50 earnings per share for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. On average, analysts expect that Unite Group will post 47.9341004 EPS for the current year.

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.