Citigroup Reaffirms “Buy” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “buy” rating reissued by investment analysts at Citigroup in a report released on Friday, MarketBeat Ratings reports. They currently have a GBX 1,205 ($16.33) price objective on the stock. Citigroup’s price target indicates a potential upside of 64.11% from the company’s current price.

Unite Group Stock Up 0.3%

Shares of LON:UTG opened at GBX 734.25 ($9.95) on Friday. The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73. The firm has a market capitalization of £3.56 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The firm’s 50-day moving average is GBX 802.67 and its two-hundred day moving average is GBX 825.52. Unite Group has a 1 year low of GBX 726.50 ($9.85) and a 1 year high of GBX 1,003 ($13.59).

Unite Group (LON:UTG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 38 ($0.52) earnings per share (EPS) for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. Analysts predict that Unite Group will post 47.9341004 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.