Liberum Capital reissued their hold rating on shares of UNITE Group (LON:UTG) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.
UTG has been the topic of a number of other research reports. Barclays raised their price target on UNITE Group from GBX 1,065 ($13.11) to GBX 1,090 ($13.41) and gave the stock an overweight rating in a report on Friday, June 26th. Peel Hunt restated an add rating on shares of UNITE Group in a research note on Monday, July 13th. JPMorgan Chase & Co. reiterated an overweight rating on shares of UNITE Group in a research report on Wednesday, June 3rd. Jefferies Financial Group upped their price objective on shares of UNITE Group from GBX 932 ($11.47) to GBX 1,028 ($12.65) and gave the stock a buy rating in a research report on Thursday, July 16th. Finally, Berenberg Bank downgraded shares of UNITE Group to a hold rating and lowered their target price for the company from GBX 1,150 ($14.15) to GBX 1,000 ($12.31) in a report on Wednesday, July 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 1,003.75 ($12.35).
Shares of UNITE Group stock opened at GBX 939 ($11.56) on Wednesday. The company has a debt-to-equity ratio of 54.23, a quick ratio of 0.58 and a current ratio of 0.73. The company has a market capitalization of $3.74 billion and a P/E ratio of -29.81. UNITE Group has a 1 year low of GBX 6.84 ($0.08) and a 1 year high of GBX 1,351 ($16.63). The company’s fifty day moving average is GBX 931.84 and its two-hundred day moving average is GBX 980.30.
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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