Analysts Set Unite Group PLC (LON:UTG) Target Price at GBX 613.75

Unite Group PLC (LON:UTG) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 613.75.

Several research firms have weighed in on UTG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 503 price target on shares of Unite Group in a research report on Wednesday, July 29th. Berenberg Bank upped their price objective on Unite Group from GBX 623 to GBX 668 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Citigroup lowered Unite Group to a “neutral” rating and cut their price target for the company from GBX 906 to GBX 579 in a report on Monday, August 3rd.

Unite Group Stock Down 0.2%

UTG stock opened at GBX 512.73 on Thursday. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 737. The business’s 50-day moving average is GBX 527.91 and its two-hundred day moving average is GBX 509.89. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The company has a market cap of £2.63 billion, a price-to-earnings ratio of -5.24, a P/E/G ratio of 3.20 and a beta of 0.95.

Unite Group (LON:UTG) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. As a group, analysts forecast that Unite Group will post 47.9341004 earnings per share 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.