Unite Group’s (UTG) “Hold” Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

Jefferies Financial Group reiterated their hold rating on shares of Unite Group (LON:UTG – Free Report) in a report issued on Thursday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 503 target price on the stock.

UTG has been the topic of several other reports. Citigroup cut Unite Group to a “neutral” rating and lowered their price target for the company 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 objective on shares of Unite Group in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on Unite Group from GBX 600 to GBX 640 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Berenberg Bank increased their target price on Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 613.75.

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Unite Group Stock Performance

Shares of UTG stock opened at GBX 461 on Thursday. The company has a quick ratio of 0.73, a current ratio of 23.17 and a debt-to-equity ratio of 46.65. The company has a 50 day moving average price of GBX 503.69 and a 200-day moving average price of GBX 498.03. Unite Group has a 52 week low of GBX 442.20 and a 52 week high of GBX 729.50. The firm has a market capitalization of £2.37 billion, a PE ratio of -4.71, a P/E/G ratio of 3.20 and a beta of 0.94.

Unite Group (LON:UTG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share 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, equities research analysts expect that Unite Group will post 47.9341004 earnings per share for the current year.

Unite Group Company Profile

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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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