Peel Hunt Reaffirms Hold Rating for Unite Group (LON:UTG)

Key Points

• Peel Hunt reiterated its Hold rating on Unite Group and maintained a GBX 555 price target, implying approximately 33.1% upside from the current share price.
• Analyst sentiment remains broadly positive, with five Buy ratings and four Holds; the consensus rating is Moderate Buy with an average target of GBX 607.22.
• Unite Group shares fell 5.7% to GBX 416.96, near their 12-month low of GBX 416.20, while the company reported quarterly EPS of GBX 27.10 and continues to carry negative net margins.

Unite Group (LON:UTG - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Peel Hunt in a report released on Thursday, Digital Look reports. They presently have a GBX 555 target price on the stock. Peel Hunt's target price suggests a potential upside of 33.11% from the company's current price.

Several other brokerages have also recently commented on UTG. Berenberg Bank reissued a "buy" rating and set a GBX 668 price target on shares of Unite Group in a research report on Thursday. Citigroup lowered shares of Unite Group to a "neutral" rating and decreased their price target for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Unite Group from GBX 600 to GBX 640 and gave the company a "buy" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a "hold" rating and set a GBX 503 price target on shares of Unite Group in a report on Thursday, October 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Unite Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 607.22.

Unite Group Trading Down 5.7%

LON:UTG opened at GBX 416.96 on Thursday. Unite Group has a twelve month low of GBX 416.20 and a twelve month high of GBX 632. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. The business has a 50 day moving average price of GBX 497.81 and a two-hundred day moving average price of GBX 497.44. The company has a market cap of £2.14 billion, a P/E ratio of -4.26, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Unite Group (LON:UTG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. As a group, analysts expect that Unite Group will post 47.9341004 EPS for the current fiscal 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.

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