Unite Group’s (UTG) Hold Rating Reaffirmed at Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 481 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 3.44% from the company’s previous close.

Several other analysts also recently weighed in on UTG. 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 report 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 report on Monday, April 13th. The Goldman Sachs Group reduced 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 note on Monday, March 30th. Finally, Berenberg Bank reduced their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research note on Monday, January 26th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 726.43.

Unite Group Stock Down 3.4%

Shares of LON:UTG opened at GBX 465 on Tuesday. The company has a market cap of £2.45 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 3.20 and a beta of 0.93. The firm’s 50-day simple moving average is GBX 472.45 and its 200-day simple moving average is GBX 527.23. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 874.50.

Unite Group (LON:UTG) last issued its earnings results on Tuesday, February 24th. The company reported GBX 47.50 earnings per share for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, equities research analysts predict that Unite Group will post 47.9341004 earnings per share for the current year.

Insider Activity at Unite Group

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of Unite Group stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of GBX 529 per share, for a total transaction of £200,940.65. 0.77% of the stock is owned by company insiders.

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.