Unite Group (LON:UTG) Price Target Raised to GBX 640

Unite Group (LON:UTG – Free Report) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 640 in a report issued on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on UTG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 623 price objective on shares of Unite Group in a research report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a GBX 503 target price on shares of Unite Group in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. Six equities 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, the company has an average rating of “Moderate Buy” and an average target price of GBX 686.38.

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Unite Group Stock Performance

Shares of UTG opened at GBX 538 on Wednesday. The stock 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 business’s fifty day moving average price is GBX 522.95 and its 200 day moving average price is GBX 514.25. The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 764.

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