UNITE Group (LON:UTG) Price Target Increased to GBX 1,450 by Analysts at Berenberg Bank
UNITE Group (LON:UTG) had its price target lifted by Berenberg Bank from GBX 1,425 ($18.75) to GBX 1,450 ($19.07) in a report released on Friday, Stock Target Advisor reports. Berenberg Bank currently has a buy rating on the stock.
Other research analysts also recently issued reports about the stock. Numis Securities reissued a hold rating on shares of UNITE Group in a research report on Wednesday, February 5th. Peel Hunt restated a buy rating on shares of UNITE Group in a research note on Monday, February 24th. Jefferies Financial Group raised their target price on shares of UNITE Group from GBX 940 ($12.37) to GBX 1,200 ($15.79) and gave the stock a hold rating in a research note on Friday, January 17th. Barclays raised their target price on shares of UNITE Group from GBX 1,200 ($15.79) to GBX 1,320 ($17.36) and gave the stock an overweight rating in a research note on Thursday. Finally, Liberum Capital restated a hold rating on shares of UNITE Group in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. UNITE Group currently has an average rating of Hold and a consensus price target of GBX 1,217.50 ($16.02).
UNITE Group stock traded down GBX 67 ($0.88) during midday trading on Friday, hitting GBX 1,133 ($14.90). 1,426,449 shares of the company’s stock were exchanged, compared to its average volume of 744,474. UNITE Group has a 12-month low of GBX 888 ($11.68) and a 12-month high of GBX 1,351 ($17.77). The company has a debt-to-equity ratio of 31.91, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $4.12 billion and a price-to-earnings ratio of 12.55. The firm’s 50 day simple moving average is GBX 1,286.36 and its 200 day simple moving average is GBX 1,174.38.
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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