Unite Group (LON:UTG) Price Target Lowered to GBX 620 at The Goldman Sachs Group

Unite Group (LON:UTG) had its price objective decreased by The Goldman Sachs Group from GBX 680 to GBX 620 in a report published on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on UTG. Deutsche Bank Aktiengesellschaft decreased their price target 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. Berenberg Bank cut their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Unite Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 782.80.

Unite Group Stock Performance

UTG opened at GBX 454.20 on Monday. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 884. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. The company has a market cap of £2.45 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 3.20 and a beta of 0.98. The firm’s 50-day moving average price is GBX 529.50 and its 200-day moving average price is GBX 567.16.

Unite Group (LON:UTG) last announced its quarterly earnings data 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, equities analysts anticipate that Unite Group will post 47.9341004 EPS for the current fiscal year.

Insiders Place Their Bets

In other Unite Group news, insider Richard N. L. Huntingford purchased 37,985 shares of the business’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. Company 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.