JPMorgan Chase & Co. Cuts Unite Group (LON:UTG) Price Target to GBX 640

Unite Group (LON:UTG) had its price objective reduced by JPMorgan Chase & Co. from GBX 690 to GBX 640 in a research report sent to investors on Wednesday morning,Digital Look reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the stock. 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. Berenberg Bank reissued a “buy” rating and issued a GBX 623 target price on shares of Unite Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 640 price target on shares of Unite Group in a report on Tuesday, May 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 481 price target on shares of Unite Group in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and two have issued 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 Stock Down 1.5%

Shares of Unite Group stock opened at GBX 538 on Wednesday. The stock’s fifty day moving average is GBX 522.95 and its 200-day moving average is GBX 514.25. The firm has a market capitalization of £2.76 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 764.

Unite Group (LON:UTG) last released its quarterly 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%. Equities analysts anticipate 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.