UNITE Group plc with ticker (LON:UTG) now has a potential upside of 10.4% according to Berenberg Bank.
UTG.L
Berenberg Bank set a target price of 1,052 GBX for the company, which when compared to the UNITE Group plc share price of 953 GBX at opening today (06/09/2024) indicates a potential upside of 10.4%. Trading has ranged between 842 (52 week low) and 1,069 (52 week high) with an average of 1,309,133 shares exchanging hands daily. The market capitalisation at the time of writing is £4,645,296,907.
The Unite Group PLC is a United Kingdom-based owner, manager, and developer of purpose-built student accommodation (PBSA) serving the country’s higher education sector. The Company provides homes to approximately 70,000 students across 152 properties in 23 university towns and cities. It partners with over 60 universities across the United Kingdom. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. The Company’s segments include Operations and Property. The Company undertakes its Operations and Property activities directly and through joint ventures with third parties. The Company provides development, asset management, planning and project management support from its internal team to deliver co-designed plans from start to finish, taking into account the needs of students, communities and sustainability targets. Its properties are located near universities.
UNITE Group plc 10.4% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Unite Group says CPPIB has reduced its stake to 7%, prompting Thomas Jackson to step down from the board with effect from today.
Unite says 79% of beds are reserved for the 2026/27 academic year and confirms FY2026 adjusted EPS guidance of 41.5–43.0p.
Unite Group said 74% of beds are reserved for 2026/27 and reiterated guidance for occupancy and rental growth at the lower end of previous ranges. The company is progressing asset disposals, advancing its share buyback programme, and reported quarterly valuation declines at USAF and LSAV driven by yield expansion.
Unite Students has agreed the £186 million sale of St Pancras Way, a 571-bed property fully nominated to UCL for 2026/27, to USAF. The disposal, funded through existing cash and a USAF equity raise, is in line with the Group’s 2026 earnings guidance and capital allocation priorities.
Unite Students reported trading in line with expectations, with 64% of beds sold for 2026/27 and guidance reiterated for FY2025 adjusted EPS.
Unite Group has reserved 95.2% of beds for the 2025/26 academic year, delivering 4% rental growth and reiterating FY2025 adjusted EPS guidance of 47.5-48.25p.
