UNITE Group (LON:UTG) PT Raised to GBX 1,090
UNITE Group (LON:UTG) had its price objective increased by Barclays from GBX 1,065 ($13.11) to GBX 1,090 ($13.41) in a research report sent to investors on Friday, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.
UTG has been the topic of several other reports. JPMorgan Chase & Co. reissued an overweight rating on shares of UNITE Group in a report on Wednesday, June 3rd. Berenberg Bank reissued a buy rating and issued a GBX 1,150 ($14.15) price target on shares of UNITE Group in a report on Thursday, June 4th. Jefferies Financial Group raised shares of UNITE Group to a buy rating and lowered their price target for the company from GBX 1,200 ($14.77) to GBX 932 ($11.47) in a report on Thursday, April 2nd. Liberum Capital reissued a hold rating on shares of UNITE Group in a report on Thursday, June 25th. Finally, Peel Hunt increased their price target on shares of UNITE Group from GBX 840 ($10.34) to GBX 900 ($11.08) and gave the company a hold rating in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 1,055.25 ($12.99).
UNITE Group stock opened at GBX 933 ($11.48) on Friday. The stock has a market cap of $3.39 billion and a P/E ratio of -29.62. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 54.23. 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 company’s 50-day moving average price is GBX 852.71 and its two-hundred day moving average price is GBX 1,028.70.
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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