Unite Group (LON:UTG) Stock Keeps “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Unite Group (LON:UTG – Free Report) in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 668 price objective on the stock.

UTG has been the topic of a number of other reports. Citigroup downgraded shares of Unite Group to a “neutral” rating and lowered their target price for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 503 price target on shares of Unite Group in a research note on Thursday, October 1st. JPMorgan Chase & Co. decreased their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 585 price objective on shares of Unite Group in a report on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 607.22.

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Unite Group Price Performance

Shares of LON UTG opened at GBX 419.80 on Thursday. The stock’s 50-day simple moving average is GBX 495.29 and its two-hundred day simple moving average is GBX 497.08. Unite Group has a twelve month low of GBX 416 and a twelve month high of GBX 632. The firm has a market capitalization of £2.16 billion, a P/E ratio of -4.29, a P/E/G ratio of 3.20 and a beta of 0.94. 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 (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%. As a group, equities analysts anticipate that Unite Group will post 47.9341004 EPS for the current fiscal 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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