Unite Group PLC (LON:UTG) Receives Average Rating of “Moderate Buy” from Brokerages

Unite Group PLC (LON:UTG) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 726.43.

A number of equities research analysts have recently weighed in on UTG shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a report on Tuesday, May 12th. The Goldman Sachs Group lowered their target price on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 640 price target on shares of Unite Group in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research report on Monday, April 13th.

Unite Group Price Performance

UTG opened at GBX 516 on Wednesday. The company has a market capitalization of £2.68 billion, a P/E ratio of 25.93, a PEG ratio of 3.20 and a beta of 0.95. The company has a 50-day moving average of GBX 492.96 and a 200-day moving average of GBX 516.89. 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 has a 1-year low of GBX 442.20 and a 1-year high of GBX 864.

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.