Unite Group Plc (LON:UTG) Given Consensus Rating of “Buy” by Analysts

Shares of Unite Group Plc (LON:UTG – Get Rating) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,264 ($16.11).

UTG has been the subject of several recent research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Unite Group in a research note on Friday, March 25th. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($17.21) price target on shares of Unite Group in a report on Wednesday, March 23rd. Barclays reissued an “overweight” rating and set a GBX 1,220 ($15.55) target price on shares of Unite Group in a research note on Tuesday, April 19th. Peel Hunt reissued an “add” rating and set a GBX 1,200 ($15.29) target price on shares of Unite Group in a research note on Friday, February 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Unite Group from GBX 1,350 ($17.21) to GBX 1,300 ($16.57) and set an “overweight” rating for the company in a research note on Thursday, March 31st.

Unite Group stock opened at GBX 1,153 ($14.70) on Wednesday. The business has a 50 day moving average of GBX 1,100.76 and a 200-day moving average of GBX 1,081.58. Unite Group has a 1 year low of GBX 934.80 ($11.91) and a 1 year high of GBX 1,250 ($15.93). The company has a debt-to-equity ratio of 35.52, a current ratio of 1.91 and a quick ratio of 0.86. The company has a market capitalization of £4.60 billion and a P/E ratio of 13.45.

The company also recently announced a dividend, which will be paid on Friday, May 20th. Investors of record on Thursday, April 14th will be paid a dividend of GBX 15.60 ($0.20) per share. This represents a yield of 1.57%. The ex-dividend date is Thursday, April 14th. This is an increase from Unite Group’s previous dividend of $6.50. Unite Group’s dividend payout ratio (DPR) is currently 0.22%.

In other news, insider Richard Smith sold 386 shares of Unite Group stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of GBX 642 ($8.18), for a total transaction of £2,478.12 ($3,158.45). Also, insider Joe Lister purchased 1,266 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The shares were purchased at an average price of GBX 711 ($9.06) per share, for a total transaction of £9,001.26 ($11,472.42).

Unite Group Company Profile (Get Rating)

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. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.

Featured Articles