Unite Group Plc (LON:UTG) Given Average Rating of “Moderate Buy” by Brokerages

Unite Group Plc (LON:UTGGet Rating) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,264 ($15.49).

UTG has been the subject of a number of analyst reports. Morgan Stanley restated an “equal weight” rating on shares of Unite Group in a research report on Wednesday, May 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,350 ($16.54) price target on shares of Unite Group in a report on Thursday, July 28th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,220 ($14.95) price target on shares of Unite Group in a report on Monday, May 23rd.

Unite Group Trading Up 0.6 %

Shares of Unite Group stock opened at GBX 1,155 ($14.15) on Friday. The company has a debt-to-equity ratio of 36.04, a current ratio of 1.72 and a quick ratio of 0.73. The company’s fifty day simple moving average is GBX 1,118.62 and its 200-day simple moving average is GBX 1,091.79. The stock has a market capitalization of £4.62 billion and a PE ratio of 849.26. Unite Group has a 1-year low of GBX 934.80 ($11.45) and a 1-year high of GBX 1,250 ($15.32).

Unite Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 15th will be paid a dividend of GBX 11 ($0.13) per share. The ex-dividend date is Thursday, September 15th. This represents a yield of 0.93%. Unite Group’s payout ratio is 16.25%.

About Unite Group

(Get Rating)

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities.

Further Reading

Analyst Recommendations for Unite Group (LON:UTG)

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