Unite Group's (UTG) Hold Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reiterated a "Hold" rating on Unite Group (LON:UTG) with a GBX 512 price target, implying roughly a 10.97% upside from the prior close.
• Consensus remains a Moderate Buy—four analysts rate UTG as Buy and two as Hold—with an average price target of GBX 737.67 despite several recent target cuts.
• Insider Richard N. L. Huntingford bought 37,985 shares at GBX 529 (~£200,941); the stock trades near GBX 461.40 with a market cap of £2.45bn and a 52‑week range of GBX 442.20–884.

Unite Group (LON:UTG - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 512 price target on the stock. Jefferies Financial Group's price objective points to a potential upside of 10.97% from the company's previous close.

Several other analysts have also recently commented on UTG. Berenberg Bank decreased their price target on shares of Unite Group from GBX 855 to GBX 774 and set a "buy" rating on the stock in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Unite Group from GBX 700 to GBX 640 and set a "buy" rating on the stock in a research note on Friday, March 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Unite Group from GBX 680 to GBX 620 and set a "buy" rating on the stock in a research report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 737.67.

Unite Group Stock Up 0.0%

Shares of UTG stock opened at GBX 461.40 on Friday. The stock has a market cap of £2.45 billion, a P/E ratio of 23.19, a PEG ratio of 3.20 and a beta of 0.96. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 884. The company has a quick ratio of 0.73, a current ratio of 29.97 and a debt-to-equity ratio of 29.55. The company's fifty day simple moving average is GBX 511.68 and its two-hundred day simple moving average is GBX 555.34.

Unite Group (LON:UTG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported GBX 47.50 EPS for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. Analysts predict that Unite Group will post 47.9341004 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard N. L. Huntingford acquired 37,985 shares of Unite Group stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is owned by company insiders.

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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