UNITE Group (LON:UTG) Price Target Raised to GBX 1,070

UNITE Group (LON:UTG) had its price objective hoisted by Jefferies Financial Group from GBX 1,028 ($12.65) to GBX 1,070 ($13.17) in a research report released on Thursday morning, Stock Target Advisor reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on UTG. Morgan Stanley lifted their target price on UNITE Group from GBX 950 ($11.69) to GBX 1,000 ($12.31) and gave the company an overweight rating in a report on Friday, June 26th. Barclays lifted their target price on UNITE Group from GBX 1,065 ($13.11) to GBX 1,090 ($13.41) and gave the company an overweight rating in a report on Friday, June 26th. Peel Hunt reiterated an add rating on shares of UNITE Group in a report on Wednesday. JPMorgan Chase & Co. reiterated an overweight rating on shares of UNITE Group in a report on Wednesday, June 3rd. Finally, Berenberg Bank lowered UNITE Group to a hold rating and cut their price objective for the company from GBX 1,150 ($14.15) to GBX 1,000 ($12.31) in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. UNITE Group presently has a consensus rating of Buy and a consensus target price of GBX 1,003.75 ($12.35).

Shares of UNITE Group stock opened at GBX 939 ($11.56) on Thursday. UNITE Group has a twelve month low of GBX 6.84 ($0.08) and a twelve month high of GBX 1,351 ($16.63). The stock has a market capitalization of $3.74 billion and a P/E ratio of -29.81. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 54.23. The business’s fifty day moving average price is GBX 931.84 and its 200 day moving average price is GBX 980.30.

About UNITE Group

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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Analyst Recommendations for UNITE Group (LON:UTG)

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