Unite Group PLC (LON:UTG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Unite Group PLC has an average analyst rating of “Moderate Buy”, based on coverage from eight brokerages: six rate it a buy and two a hold.
• The average 12-month price target among analysts is GBX 689.88, with recent target changes including cuts from Goldman Sachs and JPMorgan but continued buy ratings from both.
• The stock was up 2.0% and opened at GBX 537.50, trading below the analyst target while sitting between its 52-week low of GBX 442.20 and high of GBX 812.50.

Shares of Unite Group PLC (LON:UTG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 689.88.

Several brokerages recently weighed in on UTG. The Goldman Sachs Group cut their target price on Unite Group from GBX 680 to GBX 620 and set a "buy" rating on the stock in a research report on Monday, March 30th. UBS Group restated a "buy" rating and set a GBX 585 price target on shares of Unite Group in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 640 price target on shares of Unite Group in a research note on Tuesday, May 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 481 price objective on shares of Unite Group in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their target price on Unite Group from GBX 710 to GBX 690 and set an "overweight" rating for the company in a report on Monday, April 13th.

Unite Group Stock Up 2.0%

Shares of UTG opened at GBX 537.50 on Friday. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 812.50. The company's fifty day moving average is GBX 510.84 and its two-hundred day moving average is GBX 515.32. The firm has a market cap of £2.76 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55.

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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