Unite Group PLC (LON:UTG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Unite Group PLC (LON:UTG) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 689.88.

Several analysts recently commented on UTG shares. UBS Group restated a “buy” rating and issued a GBX 585 target price on shares of Unite Group in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 640 price target on shares of Unite Group in a research report on Tuesday, May 12th. JPMorgan Chase & Co. cut their price objective on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group reduced their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 481 target price on shares of Unite Group in a research report on Tuesday, May 12th.

Unite Group Stock Performance

Shares of LON UTG opened at GBX 548 on Friday. 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 stock has a 50 day simple moving average of GBX 516.40 and a 200-day simple moving average of GBX 514.72. The company has a market cap of £2.82 billion, a PE ratio of 27.54, a P/E/G ratio of 3.20 and a beta of 0.95. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 795.50.

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.