UNITE Group’s (UTG) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt reissued their buy rating on shares of UNITE Group (LON:UTG) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently issued reports on the company. Barclays reaffirmed an overweight rating on shares of UNITE Group in a report on Wednesday, November 27th. Berenberg Bank initiated coverage on shares of UNITE Group in a report on Thursday, February 6th. They set a buy rating and a GBX 1,425 ($18.75) price objective on the stock. Numis Securities restated a hold rating on shares of UNITE Group in a research report on Wednesday, February 5th. Jefferies Financial Group upped their target price on shares of UNITE Group from GBX 940 ($12.37) to GBX 1,200 ($15.79) and gave the company a hold rating in a report on Friday, January 17th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a GBX 1,150 ($15.13) target price on shares of UNITE Group in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. UNITE Group presently has a consensus rating of Hold and an average price target of GBX 1,199.38 ($15.78).
Shares of LON UTG opened at GBX 1,311 ($17.25) on Monday. The stock’s 50-day simple moving average is GBX 1,271.90 and its 200-day simple moving average is GBX 1,154.80. The firm has a market capitalization of $4.77 billion and a PE ratio of 14.52. UNITE Group has a fifty-two week low of GBX 870.50 ($11.45) and a fifty-two week high of GBX 1,335 ($17.56). The company has a debt-to-equity ratio of 31.91, a quick ratio of 0.84 and a current ratio of 0.90.
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.
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