Unite Group PLC (LON:UTG) Stock Has Consensus Price Target of GBX 593.56

Key Points

• Unite Group has a “Moderate Buy” consensus rating from nine analysts, with five buy ratings and four holds. The average 12-month price target is GBX 593.56, above the stock’s GBX 462 opening price.
• Analyst views remain mixed: Berenberg maintained a buy rating with a GBX 668 target, while Jefferies reiterated a hold rating at GBX 450; several brokers have recently lowered their price targets.
• Unite Group’s shares trade between a 12-month range of GBX 416 and GBX 599, while the company reported quarterly EPS of GBX 27.10 and analysts expect full-year EPS of GBX 47.93.

Shares of Unite Group PLC (LON:UTG - Get Free Report) have been given an average rating of "Moderate Buy" by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 593.56.

A number of equities analysts have issued reports on UTG shares. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 450 price objective on shares of Unite Group in a report on Monday. Berenberg Bank reiterated a "buy" rating and issued a GBX 668 target price on shares of Unite Group in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Unite Group from GBX 640 to GBX 570 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Citigroup cut shares of Unite Group to a "neutral" rating and dropped their target price for the stock from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut 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.

Unite Group Price Performance

Shares of UTG stock opened at GBX 462 on Tuesday. The stock has a 50-day moving average price of GBX 474.63 and a 200 day moving average price of GBX 505.83. 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 firm has a market cap of £2.37 billion, a price-to-earnings ratio of -4.72, a PEG ratio of 3.20 and a beta of 0.94. Unite Group has a 12 month low of GBX 416 and a 12 month high of GBX 599.

Unite Group (LON:UTG - Get Free Report) last announced 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%. Research analysts expect that Unite Group will post 47.93 EPS 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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