Unite Group (LON:UTG) Receives “Buy” Rating from Citigroup

Unite Group (LON:UTG)‘s stock had its “buy” rating restated by equities researchers at Citigroup in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 1,205 ($16.33) price objective on the stock. Citigroup’s target price would indicate a potential upside of 64.11% from the company’s previous close.

Unite Group Stock Up 0.3%

UTG stock opened at GBX 734.25 ($9.95) on Friday. The company’s 50 day moving average price is GBX 802.67 and its 200 day moving average price is GBX 825.52. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58. Unite Group has a fifty-two week low of GBX 726.50 ($9.85) and a fifty-two week high of GBX 1,003 ($13.59). The firm has a market capitalization of £3.56 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.20 and a beta of 1.24.

Unite Group (LON:UTG) last released its earnings results on Tuesday, July 29th. The company reported GBX 38 ($0.52) earnings per share for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. On average, equities research analysts anticipate that Unite Group will post 47.9341004 EPS for the current fiscal year.

About Unite Group

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.