Unite Group (LON:UTG) Given Buy Rating at Citigroup

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 analysts at Citigroup in a research report issued on Friday, Marketbeat reports. They presently have a GBX 1,205 ($16.30) price target on the stock. Citigroup's target price would suggest a potential upside of 64.11% from the company's previous close.

Unite Group Stock Up 0.3%

Shares of LON UTG traded up GBX 2.25 ($0.03) during trading hours on Friday, hitting GBX 734.25 ($9.93). The company had a trading volume of 1,357,913 shares, compared to its average volume of 2,232,478. The stock has a market capitalization of £3.56 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76. Unite Group has a 1-year low of GBX 726.50 ($9.83) and a 1-year high of GBX 1,003 ($13.57). The firm's 50 day moving average is GBX 804.79 and its 200-day moving average is GBX 826.35.

Unite Group (LON:UTG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 38 ($0.51) earnings per share (EPS) for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. On average, analysts expect that Unite Group will post 47.9341004 earnings per share for the current fiscal 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.

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