Unite Group (LON:UTG) Price Target Lowered to GBX 690 at JPMorgan Chase & Co.

Unite Group (LON:UTG) had its price target decreased by JPMorgan Chase & Co. from GBX 710 to GBX 690 in a report issued on Monday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on the stock. Berenberg Bank reduced their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Unite Group from GBX 700 to GBX 640 and set a “buy” rating for the company in a report on Friday, March 20th. Jefferies Financial Group reissued a “hold” rating and set a GBX 512 target price on shares of Unite Group in a report on Friday. Finally, The Goldman Sachs Group reduced their target price on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 730.86.

Unite Group Stock Performance

UTG opened at GBX 461.20 on Monday. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The firm has a 50 day moving average of GBX 507.30 and a two-hundred day moving average of GBX 549.73. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 884. The firm has a market capitalization of £2.45 billion, a PE ratio of 23.18, a P/E/G ratio of 3.20 and a beta of 0.96.

Unite Group (LON:UTG) last issued its earnings results 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%. On average, analysts anticipate that Unite Group will post 47.9341004 EPS for the current year.

Insider Buying and Selling

In other news, insider Richard N. L. Huntingford purchased 37,985 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average price of GBX 529 per share, for a total transaction of £200,940.65. Corporate 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.