Unite Group (LON:UTG) Cut to “Neutral” at Citigroup

Citigroup lowered shares of Unite Group (LON:UTG) to a neutral rating in a research report report published on Monday, Marketbeat Ratings reports. Citigroup currently has GBX 579 price target on the stock, down from their prior price target of GBX 906.

A number of other research firms have also recently weighed in on UTG. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. reduced their target price on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a GBX 503 target price on shares of Unite Group in a research note on Wednesday, July 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 623 price target on shares of Unite Group in a report on Tuesday, July 28th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 585 price target on shares of Unite Group in a research report on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Unite Group has a consensus rating of “Moderate Buy” and an average price target of GBX 613.75.

Unite Group Price Performance

LON UTG opened at GBX 541 on Monday. The company has a market capitalization of £2.78 billion, a PE ratio of -5.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.95. 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 business’s fifty day moving average is GBX 525.24 and its 200 day moving average is GBX 513.25. Unite Group has a fifty-two week low of GBX 442.20 and a fifty-two week high of GBX 760.50.

Unite Group (LON:UTG) last released its quarterly 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%. Sell-side analysts predict 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.