Peel Hunt Boosts UNITE Group (LON:UTG) Price Target to GBX 1,100

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UNITE Group (LON:UTG) had its price target lifted by Peel Hunt from GBX 1,050 ($13.72) to GBX 1,100 ($14.37) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on UTG. Numis Securities reissued a buy rating and issued a GBX 340 ($4.44) price objective on shares of BT Group in a research report on Monday, May 20th. Liberum Capital dropped their price objective on shares of Premier Asset Management Group from GBX 230 ($3.01) to GBX 226 ($2.95) and set a buy rating on the stock in a research report on Monday, July 8th.

Shares of LON:UTG opened at GBX 1,025 ($13.39) on Wednesday. UNITE Group has a 52 week low of GBX 793 ($10.36) and a 52 week high of GBX 1,045 ($13.65). The firm has a 50 day moving average price of GBX 969.02. The company has a debt-to-equity ratio of 28.24, a quick ratio of 1.34 and a current ratio of 1.50. The stock has a market cap of $2.71 billion and a P/E ratio of 11.31.

UNITE Group Company Profile

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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