Unite Group PLC (LON:UTG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Unite Group has a “Moderate Buy” consensus from eight analysts: five recommend buying the stock, while three rate it a hold. The average 12-month price target is GBX 613.75.
• Recent broker actions were generally positive, with target prices ranging from GBX 503 to GBX 668; Deutsche Bank and Berenberg raised their targets to GBX 640 and GBX 668, respectively.
• Shares opened at GBX 527.53, near their 50-day average, while the company reported quarterly EPS of GBX 27.10. Analysts expect full-year EPS of approximately GBX 47.93.

Shares of Unite Group PLC (LON:UTG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 613.75.

UTG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Unite Group from GBX 600 to GBX 640 and gave the company a "buy" rating in a report on Wednesday, July 29th. UBS Group restated a "buy" rating and set a GBX 585 target price on shares of Unite Group in a report on Friday, July 3rd. JPMorgan Chase & Co. dropped their target price on Unite Group from GBX 690 to GBX 640 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Berenberg Bank lifted their target price on Unite Group from GBX 623 to GBX 668 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 503 price target on shares of Unite Group in a research note on Wednesday, July 29th.

Unite Group Stock Up 0.3%

Unite Group stock opened at GBX 527.53 on Thursday. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 745. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The firm has a 50 day moving average price of GBX 527.19 and a 200 day moving average price of GBX 511.65. The company has a market capitalization of £2.71 billion, a PE ratio of -5.39, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95.

Unite Group (LON:UTG - Get Free Report) last announced its 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%. Research analysts expect that Unite Group will post 47.9341004 earnings per share for the current 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. 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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