Berenberg Bank Reaffirms “Buy” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 668 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 56.73% from the company’s previous close.

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

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Unite Group Stock Performance

LON UTG opened at GBX 426.20 on Thursday. The company’s 50 day simple moving average is GBX 495.29 and its two-hundred day simple moving average is GBX 497.08. 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 1 year low of GBX 416 and a 1 year high of GBX 626. The stock has a market capitalization of £2.19 billion, a PE ratio of -4.36, a P/E/G ratio of 3.20 and a beta of 0.94.

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