JPMorgan Chase & Co. Cuts Unite Group (LON:UTG) Price Target to GBX 690

Unite Group (LON:UTG) had its price objective lowered by JPMorgan Chase & Co. from GBX 710 to GBX 690 in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 512 target price on shares of Unite Group in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating for the company in a research note on Friday, March 20th. The Goldman Sachs Group dropped their price objective on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Berenberg Bank cut their price objective on Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 730.86.

Unite Group Price Performance

Unite Group stock opened at GBX 482.20 on Monday. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 884. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The firm has a 50-day moving average price of GBX 503.13 and a 200-day moving average price of GBX 547.56. The firm has a market capitalization of £2.56 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 3.20 and a beta of 0.96.

Unite Group (LON:UTG) last issued its quarterly earnings results on Tuesday, February 24th. The company reported GBX 47.50 EPS for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, equities research analysts forecast that Unite Group will post 47.9341004 EPS for the current year.

Insider Activity at Unite Group

In other Unite Group news, insider Richard N. L. Huntingford purchased 37,985 shares of the stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of GBX 529 per share, with a total value of £200,940.65. Corporate insiders own 0.77% of the company’s stock.

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.