Deutsche Bank Aktiengesellschaft Increases Unite Group (LON:UTG) Price Target to GBX 640

Unite Group (LON:UTG) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 640 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.76% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 623 price objective on shares of Unite Group in a research note on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a GBX 503 price objective on shares of Unite Group in a report on Wednesday. UBS Group reissued a “buy” rating and set a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Unite Group has an average rating of “Moderate Buy” and an average price target of GBX 686.38.

Unite Group Price Performance

Shares of UTG stock opened at GBX 543.50 on Wednesday. The stock’s 50-day moving average is GBX 520.56 and its 200 day moving average is GBX 514.57. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 766. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. The company has a market cap of £2.79 billion, a P/E ratio of 27.31, a PEG ratio of 3.20 and a beta of 0.95.

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.