Shares of UNITE Group plc (LON:UTG) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,335 ($17.56) and last traded at GBX 1,239 ($16.30), with a volume of 405845 shares. The stock had previously closed at GBX 1,175 ($15.46).
UTG has been the topic of several research analyst reports. Barclays reiterated an “overweight” rating on shares of UNITE Group in a research note on Wednesday, November 27th. Liberum Capital reiterated a “hold” rating on shares of UNITE Group in a research note on Monday, October 7th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,150 ($15.13) price target on shares of UNITE Group in a research note on Tuesday. Finally, Peel Hunt reiterated a “buy” rating on shares of UNITE Group in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,066.67 ($14.03).
The firm has a market cap of $4.27 billion and a PE ratio of 13.61. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 31.91. The firm’s 50 day simple moving average is GBX 1,174.42 and its 200 day simple moving average is GBX 1,065.51.
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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