UNITE Group (LON:UTG) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of UNITE Group (LON:UTG) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on UTG. Numis Securities restated a hold rating and set a GBX 950 ($12.41) price target on shares of UNITE Group in a research note on Monday, May 20th. Liberum Capital restated a hold rating on shares of UNITE Group in a research note on Tuesday, July 23rd. Barclays initiated coverage on UNITE Group in a research note on Tuesday. They issued an overweight rating and a GBX 1,200 ($15.68) price objective on the stock. Finally, Peel Hunt restated a buy rating and issued a GBX 1,050 ($13.72) price objective on shares of UNITE Group in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 1,050 ($13.72).

UTG stock traded up GBX 12 ($0.16) during midday trading on Friday, reaching GBX 1,032 ($13.48). 690,858 shares of the company’s stock traded hands, compared to its average volume of 744,474. The firm has a market capitalization of $3.00 billion and a P/E ratio of 11.43. The firm has a fifty day simple moving average of GBX 1,016.89. The company has a debt-to-equity ratio of 31.91, a quick ratio of 0.84 and a current ratio of 0.90. 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 also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 19th will be paid a GBX 10.25 ($0.13) dividend. This represents a yield of 0.98%. The ex-dividend date is Thursday, September 19th. UNITE Group’s dividend payout ratio is currently 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.

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Analyst Recommendations for UNITE Group (LON:UTG)

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