Peel Hunt restated their buy rating on shares of UNITE Group (LON:UTG) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently issued reports on the company. Liberum Capital reaffirmed a hold rating on shares of UNITE Group in a report on Monday, August 12th. Barclays started coverage on UNITE Group in a report on Tuesday, August 6th. They set an overweight rating and a GBX 1,200 ($15.68) price objective on the stock. Numis Securities reaffirmed a hold rating and set a GBX 950 ($12.41) price objective on shares of UNITE Group in a report on Monday, May 20th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 1,050 ($13.72) price objective on shares of UNITE Group in a report on Thursday, June 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 1,050 ($13.72).
Shares of UTG opened at GBX 1,052 ($13.75) on Tuesday. The stock has a market capitalization of $3.05 billion and a price-to-earnings ratio of 11.65. UNITE Group has a 1 year low of GBX 793 ($10.36) and a 1 year high of GBX 1,090 ($14.24). The business’s 50 day simple moving average is GBX 1,040.36 and its 200-day simple moving average is GBX 970.32. The company has a debt-to-equity ratio of 31.91, a current ratio of 0.90 and a quick ratio of 0.84.
In other news, insider Richard Akers acquired 2,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of GBX 1,042 ($13.62) per share, with a total value of £20,840 ($27,231.15).
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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