Unite Group's (UTG) "Hold" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Unite Group and set a GBX 503 price target, implying 17.58% upside from the prior close.
• Analyst sentiment remains moderately positive overall, with five “Buy” ratings and four “Hold” ratings; the consensus target is GBX 607.22.
• Unite Group shares opened at GBX 427.80, near the lower end of their 52-week range of GBX 416–626, while the company reported GBX 27.10 in quarterly earnings per share and maintains significant student-accommodation operations across the UK.

Unite Group (LON:UTG - Get Free Report)'s stock had its "hold" rating reissued by Jefferies Financial Group in a report issued on Friday, London Stock Exchange reports. They currently have a GBX 503 price objective on the stock. Jefferies Financial Group's price objective points to a potential upside of 17.58% from the stock's previous close.

UTG has been the topic of several other research reports. Citigroup downgraded Unite Group to a "neutral" rating and dropped their price objective for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Berenberg Bank restated a "buy" rating and issued a GBX 668 price objective on shares of Unite Group in a research note on Thursday. UBS Group reaffirmed a "buy" rating and set a GBX 585 price objective on shares of Unite Group in a report on Friday, July 3rd. JPMorgan Chase & Co. cut their target price on shares of Unite Group from GBX 690 to GBX 640 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Unite Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 607.22.

Unite Group Stock Performance

Shares of UTG stock opened at GBX 427.80 on Friday. The firm has a market cap of £2.20 billion, a price-to-earnings ratio of -4.37, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. Unite Group has a 52 week low of GBX 416 and a 52 week high of GBX 626. The firm's 50-day simple moving average is GBX 495.29 and its two-hundred day simple moving average is GBX 497.08.

Unite Group (LON:UTG - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share 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, equities analysts forecast 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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