Unite Group PLC (LON:UTG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Unite Group, with five buy ratings and three holds among eight firms. The average 12-month price target is GBX 613.75, above the reported GBX 488.60 share price.
• Recent recommendations were mixed: Berenberg and Deutsche Bank raised their targets and maintained buy ratings, while Citigroup downgraded the stock to neutral and cut its target to GBX 579.
• Unite Group reported quarterly EPS of GBX 27.10, but continues to show a negative net margin of 143.81% and negative return on equity of 10.94%. Shares remain below their 1-year high of GBX 729.50.

Shares of Unite Group PLC (LON:UTG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating 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 613.75.

A number of research analysts recently issued reports on UTG shares. Citigroup downgraded Unite Group to a "neutral" rating and dropped their price target for the stock from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Berenberg Bank boosted their price objective on Unite Group from GBX 623 to GBX 668 and gave the company a "buy" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. decreased their price objective on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 503 target price on shares of Unite Group in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a "buy" rating in a research report on Wednesday, July 29th.

Unite Group Price Performance

Shares of UTG opened at GBX 488.60 on Monday. The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 729.50. The stock has a market cap of £2.51 billion, a PE ratio of -5.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The firm has a fifty day moving average price of GBX 525.48 and a 200 day moving average price of GBX 503.98.

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