Brokerages Set Unite Group PLC (LON:UTG) PT at GBX 689.88

Unite Group PLC (LON:UTG) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 689.88.

UTG has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 481 price objective on shares of Unite Group in a research report on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price objective on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating on the stock in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 640 price objective on shares of Unite Group in a research report on Tuesday, May 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 623 target price on shares of Unite Group in a research note on Wednesday, July 8th.

Unite Group Stock Performance

Shares of Unite Group stock opened at GBX 546 on Friday. Unite Group has a one year low of GBX 442.20 and a one year high of GBX 812.50. The company has a market cap of £2.81 billion, a PE ratio of 27.44, a P/E/G ratio of 3.20 and a beta of 0.95. 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 business has a 50-day simple moving average of GBX 513.63 and a 200-day simple moving average of GBX 514.83.

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.