Unite Group (LON:UTG) Earns Overweight Rating from Barclays

Unite Group (LON:UTG – Get Rating)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a report released on Monday, LSE.Co.UK reports. They presently have a GBX 1,220 ($15.35) price target on the stock. Barclays‘s price objective suggests a potential upside of 13.07% from the company’s previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Unite Group from GBX 1,350 ($16.99) to GBX 1,300 ($16.36) and set an “overweight” rating for the company in a research report on Thursday, March 31st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Unite Group in a research report on Wednesday, May 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,350 ($16.99) price objective on shares of Unite Group in a research report on Wednesday, March 23rd. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 1,200 ($15.10) target price on shares of Unite Group in a research report on Friday, February 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,253.33 ($15.77).

Shares of LON:UTG opened at GBX 1,079 ($13.58) on Monday. The firm has a market cap of £4.31 billion and a price-to-earnings ratio of 12.61. Unite Group has a 12 month low of GBX 934.80 ($11.76) and a 12 month high of GBX 1,250 ($15.73). The company’s fifty day simple moving average is GBX 1,112.98 and its 200 day simple moving average is GBX 1,079.54. The company has a quick ratio of 0.86, a current ratio of 1.91 and a debt-to-equity ratio of 35.52.

In other Unite Group news, insider Joe Lister bought 1,266 shares of Unite Group stock in a transaction dated Thursday, March 3rd. The stock was bought at an average cost of GBX 711 ($8.95) per share, for a total transaction of £9,001.26 ($11,326.61). Also, insider Richard Smith sold 386 shares of the stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of GBX 642 ($8.08), for a total value of £2,478.12 ($3,118.31).

About Unite Group (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.

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