Unite Group (LON:UTG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Unite Group PLC (LON:UTG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 516.96 and traded as high as GBX 532.50. Unite Group shares last traded at GBX 528, with a volume of 92,666,797 shares traded.

Analysts Set New Price Targets

UTG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 640 price target on shares of Unite Group in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price target on 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 price objective on Unite Group from GBX 680 to GBX 620 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 481 target price on shares of Unite Group in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Unite Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 726.43.

Unite Group Trading Up 2.0%

The firm has a fifty day moving average of GBX 490.16 and a 200-day moving average of GBX 516.97. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97. The stock has a market capitalization of £2.77 billion, a price-to-earnings ratio of 26.76, a P/E/G 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.