Unite Group (LON:UTG) Earns Hold Rating from Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 450 price target on the stock. Jefferies Financial Group‘s target price would suggest a potential downside of 8.80% from the stock’s current price.

Other analysts have also issued research reports about the stock. Citigroup lowered shares of Unite Group to a “neutral” rating and lowered their target price for the company from GBX 906 to GBX 579 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Unite Group from GBX 640 to GBX 570 and set a “buy” rating for the company in a research note on Thursday, October 8th. Berenberg Bank restated a “buy” rating and set a GBX 668 target price on shares of Unite Group in a report on Thursday, October 8th. Peel Hunt restated a “hold” rating and set a GBX 555 price objective on shares of Unite Group in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 593.56.

Unite Group Stock Down 1.1%

Shares of LON:UTG opened at GBX 493.40 on Thursday. The firm has a market cap of £2.54 billion, a PE ratio of -5.04, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93. The company has a fifty day simple moving average of GBX 468.41 and a 200 day simple moving average of GBX 501.93. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. Unite Group has a 12-month low of GBX 416 and a 12-month high of GBX 599.

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.