Peel Hunt Reiterates “Buy” Rating for UNITE Group (LON:UTG)

UNITE Group (LON:UTG)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a report issued on Tuesday, June 25th, ThisIsMoney.Co.Uk reports.

UTG has been the topic of a number of other reports. Numis Securities reissued a “buy” rating and issued a GBX 340 ($4.44) price target on shares of BT Group in a report on Monday, May 20th. Liberum Capital boosted their price target on Keywords Studios from GBX 1,245 ($16.27) to GBX 1,415 ($18.49) and gave the stock a “buy” rating in a report on Monday, April 8th.

Shares of UTG stock traded up GBX 10 ($0.13) during trading hours on Tuesday, reaching GBX 1,042 ($13.62). 447,424 shares of the company traded hands, compared to its average volume of 744,474. UNITE Group has a 12-month low of GBX 793 ($10.36) and a 12-month high of GBX 1,045 ($13.65). 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 $2.75 billion and a P/E ratio of 11.50. The stock’s 50-day moving average price is GBX 974.96.

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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