Panmure Gordon Reaffirms “Hold” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by analysts at Panmure Gordon in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 675 price target on the stock. Panmure Gordon’s price target suggests a potential upside of 23.73% from the stock’s current price.

Separately, Citigroup restated a “buy” rating and issued a GBX 1,205 price target on shares of Unite Group in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Unite Group currently has an average rating of “Moderate Buy” and an average target price of GBX 940.

Unite Group Trading Up 1.7%

UTG opened at GBX 545.54 on Tuesday. The stock has a market capitalization of £2.67 billion, a P/E ratio of 7.84, a P/E/G ratio of 3.20 and a beta of 1.24. Unite Group has a 12 month low of GBX 494.10 and a 12 month high of GBX 886. The firm’s fifty day simple moving average is GBX 610.12 and its 200 day simple moving average is GBX 724.42. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76.

Insider Transactions at Unite Group

In related news, insider Ross Paterson bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average price of GBX 621 per share, for a total transaction of £31,050. Also, insider Joe Lister purchased 11,389 shares of Unite Group stock in a transaction that occurred on Thursday, September 4th. The shares were bought at an average cost of GBX 690 per share, with a total value of £78,584.10. Corporate insiders own 0.83% of the company’s stock.

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.