Unite Group’s (UTG) Hold Rating Reaffirmed at Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 481 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 3.44% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Unite Group from GBX 700 to GBX 640 and set a “buy” rating for the company in a research report on Friday, March 20th. JPMorgan Chase & Co. cut their target price on shares of Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research report on Monday, April 13th. The Goldman Sachs Group cut their target price on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Berenberg Bank cut their target price on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 726.43.

Unite Group Stock Performance

Shares of UTG opened at GBX 465 on Tuesday. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The stock has a market cap of £2.45 billion, a P/E ratio of 23.37, a PEG ratio of 3.20 and a beta of 0.93. The company has a 50-day moving average of GBX 472.45 and a two-hundred day moving average of GBX 527.23. Unite Group has a 12-month low of GBX 442.20 and a 12-month high of GBX 874.50.

Unite Group (LON:UTG) last announced its earnings results on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, research analysts predict that Unite Group will post 47.9341004 EPS for the current fiscal year.

Insider Buying and Selling at Unite Group

In other news, insider Richard N. L. Huntingford acquired 37,985 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average price of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is currently owned by corporate insiders.

Unite Group Company Profile

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.