The Goldman Sachs Group Cuts Unite Group (LON:UTG) Price Target to GBX 620

Unite Group (LON:UTG) had its price target decreased by The Goldman Sachs Group from GBX 680 to GBX 620 in a research report released on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts also recently commented on UTG. Berenberg Bank cut their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Unite Group currently has an average rating of “Moderate Buy” and an average target price of GBX 782.80.

Unite Group Stock Performance

UTG opened at GBX 463.20 on Monday. The stock has a market cap of £2.50 billion, a PE ratio of 23.28, a P/E/G ratio of 3.20 and a beta of 0.98. Unite Group has a 1 year low of GBX 442.20 and a 1 year high of GBX 884. The stock’s 50 day simple moving average is GBX 524.97 and its 200-day simple moving average is GBX 564.66. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55.

Unite Group (LON:UTG) last announced 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%. Sell-side analysts forecast that Unite Group will post 47.9341004 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard N. L. Huntingford acquired 37,985 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought 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.

Unite Group Company Profile

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.