UNITE Group’s (LON:UTG) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of UNITE Group (LON:UTG) in a research report released on Tuesday, June 11th, ThisIsMoney.Co.Uk reports.

Several other analysts have also weighed in on the company. Liberum Capital reaffirmed a hold rating and issued a GBX 950 ($12.41) price objective on shares of UNITE Group in a research report on Monday, April 8th. Numis Securities reaffirmed a hold rating and issued a GBX 950 ($12.41) price objective on shares of UNITE Group in a research report on Monday, May 20th.

Shares of UTG traded down GBX 8 ($0.10) during mid-day trading on Tuesday, hitting GBX 1,007 ($13.16). 2,601,102 shares of the stock were exchanged, compared to its average volume of 744,474. The stock has a market cap of $2.66 billion and a P/E ratio of 11.11. UNITE Group has a 52-week low of GBX 793 ($10.36) and a 52-week high of GBX 1,045 ($13.65). The stock has a 50-day simple moving average of GBX 961.83. The company has a current ratio of 1.50, a quick ratio of 1.34 and a debt-to-equity ratio of 28.24.

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: Support Level

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