Berenberg Bank Reiterates “Buy” Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 623 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 21.92% from the company’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group restated a “hold” rating and set a GBX 481 price target on shares of Unite Group in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 640 price objective on shares of Unite Group in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on Unite Group from GBX 710 to GBX 690 and set an “overweight” rating for the company in a research note on Monday, April 13th. UBS Group reaffirmed a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a report on Friday, July 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 689.88.

Unite Group Stock Performance

LON UTG opened at GBX 510.98 on Wednesday. Unite Group has a 1-year low of GBX 442.20 and a 1-year high of GBX 822. The company has a 50 day moving average of GBX 502.21 and a 200-day moving average of GBX 516.58. 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 firm has a market cap of £2.63 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.20 and a beta of 0.95.

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.