Unite Group (LON:UTG) Price Target Cut to GBX 640 by Analysts at Deutsche Bank Aktiengesellschaft

Unite Group (LON:UTG) had its price target decreased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 640 in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 36.34% from the stock’s current price.

UTG has been the subject of several other reports. Berenberg Bank reduced their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a report on Monday, January 26th. Panmure Gordon reiterated a “hold” rating and issued a GBX 675 target price on shares of Unite Group in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 823.50.

Unite Group Price Performance

Shares of UTG stock traded down GBX 4.80 during trading hours on Friday, hitting GBX 469.40. 36,662,770 shares of the company’s stock were exchanged, compared to its average volume of 12,618,074. 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 business’s 50 day simple moving average is GBX 545.65 and its 200-day simple moving average is GBX 580.80. The company has a market capitalization of £2.53 billion, a PE ratio of 23.59, a PEG ratio of 3.20 and a beta of 0.98. Unite Group has a 12-month low of GBX 460.80 and a 12-month high of GBX 884.

Unite Group (LON:UTG) last posted its quarterly earnings data on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a return on equity of 2.03% and a net margin of 30.06%. On average, equities research analysts anticipate that Unite Group will post 47.9341004 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Richard N. L. Huntingford acquired 37,985 shares of Unite Group stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, for a total transaction of £200,940.65. 0.77% of the stock is owned by company insiders.

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.