Unite Group’s (UTG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Unite Group (LON:UTG – Free Report) in a research note issued to investors on Tuesday,Digital Look reports. Berenberg Bank currently has a GBX 623 target price on the stock.

A number of other research firms also recently weighed in on UTG. The Goldman Sachs Group cut their target price on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research report on Monday, March 30th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 481 price target on shares of Unite Group in a research report on Tuesday, May 12th. UBS Group reissued a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 640 price objective on shares of Unite Group in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 686.38.

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Unite Group Stock Up 2.4%

UTG stock opened at GBX 546 on Tuesday. The firm’s 50-day moving average is GBX 522.13 and its two-hundred day moving average is GBX 514.08. The company has a market capitalization of £2.81 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 764. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65.

Unite Group (LON:UTG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. On average, analysts forecast that Unite Group will post 47.9341004 earnings per share for the current fiscal year.

About Unite Group

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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.

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