Barclays Begins Coverage on UNITE Group (LON:UTG)

Barclays started coverage on shares of UNITE Group (LON:UTG) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage issued an overweight rating and a GBX 1,200 ($15.68) target price on the stock.

UTG has been the subject of several other reports. Numis Securities reissued a hold rating and set a GBX 950 ($12.41) price objective on shares of UNITE Group in a research note on Monday, May 20th. Peel Hunt reissued a buy rating and set a GBX 1,050 ($13.72) price objective on shares of UNITE Group in a research note on Thursday, June 20th. Peel Hunt reissued a buy rating on shares of UNITE Group in a research note on Monday, July 22nd. Finally, Liberum Capital reissued a hold rating on shares of UNITE Group in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 1,050 ($13.72).

Shares of LON UTG opened at GBX 1,032 ($13.48) on Tuesday. UNITE Group has a 52-week low of GBX 793 ($10.36) and a 52-week high of GBX 1,090 ($14.24). The company’s fifty day moving average is GBX 1,016.89. The stock has a market cap of $3.00 billion and a PE ratio of 11.43. The company has a debt-to-equity ratio of 31.91, a current ratio of 0.90 and a quick ratio of 0.84.

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 10.25 ($0.13) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.98%. UNITE Group’s dividend payout ratio is presently 0.33%.

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.

Further Reading: Capital gains and your 401(k) or IRA

Analyst Recommendations for UNITE Group (LON:UTG)

Receive News & Ratings for UNITE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group and related companies with MarketBeat.com's FREE daily email newsletter.