Unite Group PLC (LON:UTG) Stock Has Average Target Price of GBX 613.75 According to Analysts

Unite Group PLC (LON:UTG) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 607.22.

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 503 target price on shares of Unite Group in a research report on Thursday, October 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 668 price target on shares of Unite Group in a research note on Thursday. Citigroup lowered shares of Unite Group to a “neutral” rating and lowered their price target for the stock from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd.

Unite Group Trading Up 2.5%

UTG stock opened at GBX 430.40 on Friday. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 626. The business’s 50-day moving average is GBX 495.29 and its 200 day moving average is GBX 497.08. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The stock has a market cap of £2.21 billion, a price-to-earnings ratio of -4.40, a PEG ratio of 3.20 and a beta of 0.94.

Unite Group (LON:UTG) last released its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. On average, sell-side analysts anticipate that Unite Group will post 47.9341004 EPS for the current fiscal 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.