Unite Group (LON:UTG) Downgraded to “Neutral” Rating by Citigroup

Unite Group (LON:UTG) was downgraded by equities research analysts at Citigroup to a “neutral” rating in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 579 price target on the stock, down from their prior price target of GBX 906. Citigroup’s price objective would suggest a potential upside of 7.22% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a GBX 585 target price on shares of Unite Group in a research report on Friday, July 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 503 price target on shares of Unite Group in a research note on Wednesday, July 29th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 623 price target on shares of Unite Group in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Unite Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 608.12.

Unite Group Trading Up 0.4%

LON UTG opened at GBX 540 on Monday. The company’s fifty day simple moving average is GBX 522.95 and its 200-day simple moving average is GBX 513.88. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 760.50. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The stock has a market cap of £2.77 billion, a P/E ratio of 27.14, a PEG ratio of 3.20 and a beta of 0.95.

Unite Group (LON:UTG) last announced its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. Equities research analysts predict that Unite Group will post 47.9341004 EPS for the current fiscal year.

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.