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

Unite Group (LON:UTG)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Digital Look reports.

Unite Group Stock Up 1.7 %

Shares of LON:UTG traded up GBX 15.50 ($0.20) during midday trading on Wednesday, hitting GBX 906.50 ($11.47). 1,239,686 shares of the stock were exchanged, compared to its average volume of 860,646. 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 has a 52-week low of GBX 834.28 ($10.55) and a 52-week high of GBX 1,069 ($13.52). The business’s fifty day simple moving average is GBX 909.13 and its two-hundred day simple moving average is GBX 959.92. The company has a market capitalization of £3.95 billion, a PE ratio of 3,620.00, a P/E/G ratio of 3.20 and a beta of 1.18.

About Unite Group

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.