Jefferies Financial Group Reaffirms Hold Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Jefferies Financial Group‘s target price would indicate a potential downside of 10.36% from the company’s current price.

UTG has been the subject of several other research reports. Berenberg Bank reissued a “buy” rating and set a GBX 668 price target on shares of Unite Group in a research report on Thursday, October 8th. Citigroup downgraded shares of Unite Group to a “neutral” rating and lowered their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Unite Group from GBX 640 to GBX 570 and set a “buy” rating for the company 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 research note on Wednesday, July 29th. Finally, Peel Hunt restated a “hold” rating and set a GBX 555 price target on shares of Unite Group in a report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 593.56.

Unite Group Stock Up 0.9%

Shares of LON UTG opened at GBX 502 on Thursday. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. Unite Group has a 52 week low of GBX 416 and a 52 week high of GBX 599. The firm’s fifty day moving average is GBX 469.23 and its 200 day moving average is GBX 502.75. The company has a market cap of £2.58 billion, a price-to-earnings ratio of -5.13, a PEG ratio of 3.20 and a beta of 0.93.

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.