Berenberg Bank Has Lowered Expectations for Unite Group (LON:UTG) Stock Price

Unite Group (LON:UTG) had its price target lowered by analysts at Berenberg Bank from GBX 855 to GBX 774 in a research report issued on Monday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 37.23% from the stock’s current price.

Separately, Panmure Gordon restated a “hold” rating and issued a GBX 675 price objective on shares of Unite Group in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 884.67.

Unite Group Stock Down 0.8%

Shares of Unite Group stock opened at GBX 564 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76. The company has a market cap of £2.76 billion, a P/E ratio of 8.10, a PEG ratio of 3.20 and a beta of 1.24. The firm’s 50 day moving average price is GBX 547.50 and its 200-day moving average price is GBX 635.25. Unite Group has a 52-week low of GBX 494.10 and a 52-week high of GBX 885.61.

Insider Activity

In other Unite Group news, insider Michael Burt purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average cost of GBX 522 per share, for a total transaction of £52,200. Also, insider Joe Lister acquired 10,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average price of GBX 526 per share, with a total value of £52,600. Company insiders own 0.83% of the company’s stock.

Unite Group Company Profile

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.