Unite Group (LON:UTG) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Unite Group shares rose above their 200-day moving average, reaching GBX 514.50 before closing at GBX 510.50, with exceptionally high trading volume of about 73.2 million shares.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of GBX 613.75—above the current price.
• The company reported quarterly EPS of GBX 27.10, but continues to show a negative return on equity and net margin; analysts expect full-year EPS of approximately GBX 47.93.

Unite Group PLC (LON:UTG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 507.52 and traded as high as GBX 514.50. Unite Group shares last traded at GBX 510.50, with a volume of 73,205,758 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 503 price target on shares of Unite Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. UBS Group reissued a "buy" rating and set a GBX 585 price objective on shares of Unite Group in a report on Friday, July 3rd. Citigroup downgraded shares of Unite Group to a "neutral" rating and reduced their target price for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 613.75.

Unite Group Stock Down 0.2%

The firm has a market capitalization of £2.62 billion, a price-to-earnings ratio of -5.22, a P/E/G ratio of 3.20 and a beta of 0.95. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The firm has a fifty day moving average price of GBX 527.49 and a 200 day moving average price of GBX 507.52.

Unite Group (LON:UTG - Get Free Report) last released its quarterly 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%. Sell-side analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current fiscal 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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