Unite Group PLC (LON:UTG - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 509.55 and traded as high as GBX 517.50. Unite Group shares last traded at GBX 517.50, with a volume of 1,921,381 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and set a GBX 503 target price on shares of Unite Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Unite Group from GBX 600 to GBX 640 and gave the company a "buy" rating in a report on Wednesday, July 29th. Citigroup downgraded shares of Unite Group to a "neutral" rating and cut their price objective for the stock from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Berenberg Bank boosted their price objective on Unite Group from GBX 623 to GBX 668 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 613.75.
Check Out Our Latest Stock Analysis on Unite Group
Unite Group Trading Up 0.8%
The company has a debt-to-equity ratio of 46.65, a current ratio of 23.17 and a quick ratio of 0.73. The business's 50-day moving average is GBX 527.92 and its 200 day moving average is GBX 509.55. The firm has a market capitalization of £2.66 billion, a P/E ratio of -5.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95.
Unite Group (LON:UTG - Get Free Report) last posted 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%. As a group, analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.
About Unite Group
(
Get Free Report)
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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