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

Unite Group (LON:UTG – Get Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Thursday, Marketbeat reports. They currently have a GBX 503 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 10.40% from the stock’s previous close.

Several other equities research analysts have also issued reports on UTG. Citigroup lowered shares of Unite Group to a “neutral” rating and lowered their target price for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, July 29th. UBS Group reissued a “buy” rating and issued a GBX 585 price objective on shares of Unite Group in a research report on Friday, July 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Berenberg Bank boosted their target price on Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Unite Group has an average rating of “Moderate Buy” and a consensus target price of GBX 613.75.

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Unite Group Trading Down 4.0%

LON:UTG traded down GBX 19 during midday trading on Thursday, hitting GBX 455.60. 1,200,254 shares of the company traded hands, compared to its average volume of 10,795,925. The firm’s fifty day moving average is GBX 507.42 and its 200-day moving average is GBX 498.42. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 729.50. The firm has a market capitalization of £2.34 billion, a P/E ratio of -4.66, a P/E/G ratio of 3.20 and a beta of 0.94. 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. On average, sell-side analysts predict that Unite Group will post 47.9341004 EPS for the current year.

Unite Group Company Profile

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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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