JPMorgan Chase & Co. Reiterates Neutral Rating for Unite Group (LON:UTG)

Unite Group (LON:UTG)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday, Digital Look reports. They currently have a GBX 1,100 ($14.23) price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 19.96% from the stock’s previous close.

Unite Group Price Performance

Shares of Unite Group stock traded down GBX 5 ($0.06) during midday trading on Thursday, hitting GBX 917 ($11.86). 10,340,675 shares of the company traded hands, compared to its average volume of 930,081. The firm’s fifty day moving average price is GBX 921.29 and its 200-day moving average price is GBX 947.65. The stock has a market cap of £4.00 billion, a price-to-earnings ratio of 3,673.20, a PEG ratio of 3.20 and a beta of 1.18. Unite Group has a 12 month low of GBX 842 ($10.89) and a 12 month high of GBX 1,069 ($13.83). The company has a debt-to-equity ratio of 28.47, a quick ratio of 0.73 and a current ratio of 0.43.

Unite Group Company Profile

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.