Deutsche Bank resumed coverage of Unite Group (UTGPF) with a Buy rating and 700 GBp price target following completion of the Empiric Student Property deal. The firm believes the demand for higher tariff universities will persist, underpinning the demand for student accommodation.
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Read More on UTGPF:
- Unite Group resumed with a Hold at Jefferies
- Hold Recommendation on Post-Merger Student Housing REIT: Solid Fundamentals but Rising Regulatory and Demand-Side Risks Limit Upside
- Unite Group Admits New Shares for Empiric Deal and Advances Buyback Programme
- Unite Group Completes Empiric Acquisition to Expand Student Housing Platform
- Unite Group Cancels Further Shares as Buyback Programme Advances