Unite Group (LON:UTG) Given “Hold” Rating at Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a research note issued on Monday, London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Jefferies Financial Group‘s price objective would suggest a potential downside of 2.39% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Unite Group from GBX 640 to GBX 570 and set a “buy” rating for the company in a report on Thursday, October 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 668 target price on shares of Unite Group in a report on Thursday, October 8th. JPMorgan Chase & Co. cut their target price on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Citigroup lowered Unite Group to a “neutral” rating and reduced their price target for the company from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 555 price target on shares of Unite Group in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 593.56.

Unite Group Price Performance

UTG stock opened at GBX 461 on Monday. The company has a fifty day moving average price of GBX 475.23 and a 200-day moving average price of GBX 495.93. The company has a market capitalization of £2.37 billion, a P/E ratio of -4.71, a PEG ratio of 3.20 and a beta of 0.94. Unite Group has a 52-week low of GBX 416 and a 52-week high of GBX 599. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17.

Unite Group (LON:UTG) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. As a group, equities analysts expect that Unite Group will post 47.93 EPS for the current 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.