Unite Group PLC (LON:UTG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 511.65 and traded as high as GBX 536.50. Unite Group shares last traded at GBX 526, with a volume of 1,413,830 shares.
Analyst Ratings Changes
UTG has been the topic of several research analyst reports. Citigroup cut Unite Group to a "neutral" rating and decreased their target price for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. UBS Group reaffirmed a "buy" rating and issued a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. Jefferies Financial Group reiterated a "hold" rating and set a GBX 503 price target on shares of Unite Group in a research report on Wednesday, July 29th. Berenberg Bank increased their price objective on shares of 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. lowered their price objective on shares of Unite Group from GBX 690 to GBX 640 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 613.75.
Check Out Our Latest Analysis on UTG
Unite Group Price Performance
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 firm has a market cap of £2.70 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The firm has a 50 day moving average price of GBX 527.19 and a 200-day moving average price of GBX 511.65.
Unite Group (LON:UTG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. As a group, equities analysts predict 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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