Brokerages Set Unite Group PLC (LON:UTG) PT at GBX 737.67

Unite Group PLC (LON:UTG) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 737.67.

Several analysts recently issued reports on UTG shares. Deutsche Bank Aktiengesellschaft reduced their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating for the company in a research note on Friday, March 20th. Berenberg Bank cut their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. The Goldman Sachs Group cut their target price on Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 512 target price on shares of Unite Group in a research report on Friday.

Insider Buying and Selling at Unite Group

In related news, insider Richard N. L. Huntingford bought 37,985 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was purchased 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.

Unite Group Stock Performance

UTG opened at GBX 461.60 on Friday. The business has a fifty day simple moving average of GBX 509.59 and a 200 day simple moving average of GBX 551.42. The company has a market capitalization of £2.45 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 3.20 and a beta of 0.96. Unite Group has a 1 year low of GBX 442.20 and a 1 year high of GBX 884. The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73.

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

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.