Deutsche Bank Aktiengesellschaft Lowers Unite Group (LON:UTG) Price Target to GBX 640

Unite Group (LON:UTG) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 640 in a research report issued on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 36.05% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Panmure Gordon restated a “hold” rating and set a GBX 675 price objective on shares of Unite Group in a report on Tuesday, November 25th. Berenberg Bank cut their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Unite Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 823.50.

Unite Group Trading Down 0.8%

Shares of Unite Group stock opened at GBX 470.40 on Friday. Unite Group has a 52-week low of GBX 460.80 and a 52-week high of GBX 884. The stock has a market capitalization of £2.54 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.20 and a beta of 0.98. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97. The stock’s 50-day simple moving average is GBX 543.56 and its 200 day simple moving average is GBX 578.50.

Unite Group (LON:UTG) last issued its earnings results on Tuesday, February 24th. The company reported GBX 47.50 EPS for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, research analysts anticipate that Unite Group will post 47.9341004 EPS for the current year.

Insider Activity

In other news, insider Richard N. L. Huntingford acquired 37,985 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of GBX 529 per share, for a total transaction of £200,940.65. Insiders own 0.77% 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.

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.