Analysts Set Unite Group PLC (LON:UTG) PT at GBX 730.86

Unite Group PLC (LON:UTG) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 730.86.

UTG has been the topic of several research analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 512 target price on shares of Unite Group in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research note on Friday, March 20th. JPMorgan Chase & Co. lowered their target price on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group lowered their target price on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research note on Monday, March 30th. Finally, Berenberg Bank lowered their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research note on Monday, January 26th.

Insider Transactions at Unite Group

In related news, insider Richard N. L. Huntingford bought 37,985 shares of the stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of GBX 529 per share, for a total transaction of £200,940.65. Corporate insiders own 0.77% of the company’s stock.

Unite Group Stock Performance

Shares of Unite Group stock opened at GBX 482.40 on Tuesday. The stock has a market cap of £2.55 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.20 and a beta of 0.93. The firm’s 50-day moving average is GBX 473.15 and its 200 day moving average is GBX 528.33. 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.

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

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.