Unite Group (LON:UTG) Given "Buy" Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Unite Group and set a GBX 668 price target, implying approximately 59.4% upside from the GBX 419 share price.
• Analyst sentiment is broadly positive: Unite Group has a consensus “Moderate Buy” rating from five Buy and three Hold recommendations, with an average price target of GBX 613.75.
• The stock is trading near its one-year low and below its 50- and 200-day moving averages, while recent results included GBX 27.10 quarterly EPS and negative net margin and return on equity.

Unite Group (LON:UTG - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a report issued on Thursday, London Stock Exchange reports. They presently have a GBX 668 price target on the stock. Berenberg Bank's price target would suggest a potential upside of 59.43% from the company's current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group restated a "hold" rating and issued a GBX 503 price objective on shares of Unite Group in a report on Thursday, October 1st. UBS Group reaffirmed a "buy" rating and set a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Citigroup downgraded Unite Group to a "neutral" rating and cut their price target for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Unite Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 613.75.

Unite Group Stock Performance

Shares of LON:UTG opened at GBX 419 on Thursday. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. Unite Group has a 1-year low of GBX 418.40 and a 1-year high of GBX 632. The stock has a market capitalization of £2.15 billion, a P/E ratio of -4.28, a P/E/G ratio of 3.20 and a beta of 0.94. 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.

Unite Group (LON:UTG - Get Free Report) last issued its earnings results 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%. Equities analysts predict that Unite Group will post 47.9341004 earnings per share for the current year.

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.

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