Citigroup Reaffirms Buy Rating for Unite Group (LON:UTG)

Key Points

• Unite Group (LON:UTG) has been given a buy rating by Citigroup, with a price target of GBX 1,205 ($16.30), indicating a potential upside of 64.11% from its previous close.
• The company's stock rose 0.3%, reaching GBX 734.25 ($9.93) during trading, with a market capitalization of £3.56 billion.
• Unite Group reported GBX 38 ($0.51) earnings per share (EPS) for the last quarter, and analysts expect an average EPS of 47.93 for the current fiscal year.

Unite Group (LON:UTG - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Citigroup in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 1,205 target price on the stock. Citigroup's target price points to a potential upside of 64.62% from the stock's previous close.

Unite Group Price Performance

LON:UTG traded up GBX 4 during trading hours on Friday, hitting GBX 732. 771,199 shares of the stock were exchanged, compared to its average volume of 2,206,991. Unite Group has a 52-week low of GBX 725.50 and a 52-week high of GBX 1,003. The firm's fifty day moving average price is GBX 798 and its 200 day moving average price is GBX 823.81. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76. The company has a market cap of £3.55 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.20 and a beta of 1.24.

Unite Group (LON:UTG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 38 EPS for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. As a group, equities research analysts anticipate that Unite Group 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.