Jefferies Financial Group Reaffirms “Hold” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Friday, Marketbeat.com reports. They currently have a GBX 512 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 10.92% from the company’s previous close.

A number of other equities research analysts also recently weighed in on UTG. Berenberg Bank decreased their price target on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research note on Monday, January 26th. The Goldman Sachs Group decreased their price target on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research note on Friday, March 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unite Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 737.67.

Unite Group Price Performance

Shares of LON:UTG opened at GBX 461.60 on Friday. The company’s fifty day moving average is GBX 509.59 and its 200 day moving average is GBX 552.54. The stock has a market cap of £2.45 billion, a PE ratio of 23.20, a PEG ratio of 3.20 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 884.

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

Insiders Place Their Bets

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is owned by corporate insiders.

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.