Unite Group (LON:UTG) Stock Passes Above 200-Day Moving Average – What’s Next?

Unite Group PLC (LON:UTGGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 515.17 and traded as high as GBX 529.50. Unite Group shares last traded at GBX 527, with a volume of 1,569,829 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a report on Monday, April 13th. Berenberg Bank reiterated a “buy” rating and set a GBX 623 price target on shares of Unite Group in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 640 price target on shares of Unite Group in a research report on Tuesday, May 12th. UBS Group reissued a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a report on Friday, July 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 689.88.

Read Our Latest Stock Report on UTG

Unite Group Trading Up 0.4%

The stock has a market cap of £2.71 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The company’s 50-day moving average price is GBX 509.74 and its 200 day moving average price is GBX 515.17. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97.

Unite Group Company Profile

(Get Free Report)

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.

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