The Unite Group (LON:UTG) Given “Overweight” Rating at JPMorgan Chase & Co.

The Unite Group (LON:UTG)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,350 ($17.64) target price on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 27.06% from the company’s previous close.

UTG has been the topic of a number of other reports. Barclays reissued an “overweight” rating and set a GBX 1,310 ($17.12) target price on shares of The Unite Group in a report on Friday, October 8th. Berenberg Bank upped their target price on The Unite Group from GBX 1,250 ($16.33) to GBX 1,300 ($16.98) and gave the company a “buy” rating in a report on Monday, August 2nd. Finally, Liberum Capital restated a “hold” rating and set a GBX 1,250 ($16.33) price objective on shares of The Unite Group in a research report on Monday.

LON:UTG opened at GBX 1,062.50 ($13.88) on Thursday. The Unite Group has a 52 week low of GBX 793 ($10.36) and a 52 week high of GBX 1,250 ($16.33). The company has a quick ratio of 3.20, a current ratio of 3.33 and a debt-to-equity ratio of 48.81. The company has a market cap of £4.24 billion and a PE ratio of 50.86. The business’s 50 day moving average is GBX 1,170.57 and its two-hundred day moving average is GBX 1,922.79.

About The 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. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.

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