Unite Group PLC can be your next best bet for investment

The leading student accommodation provider, Unite Group PLC, has received a moderate buy rating from 6 rating firms. Amidst the 6 ratings firms, one research analyst has suggested holding back the stock, whereas the other five have recommended buying the stock of Unite Group. This positive sentiment is reflected in the average 1-year price target set by analysts who have rated the stock in the last year at GBX 1,105.83 ($13.70). 

Unite Group holds a strong reputation for being considered one of the well-regarded student accommodation providers in the UK. The company's operation can be divided into 2 parts - operations and property. The company focuses on providing students with tailored-made student housing options that give them an environment where they can thrive and focus on their education. 

Unite Group was established in 1991 and headquartered in Bristol, England and has captured the entire student housing market of the UK in the past few decades. Unite Group has been the centre of attraction for many investors and analysts. Royal Bank of Canada recently revealed that the Unite Group shares have outperformed and assigned a GBX 1,100 ($13.63) price target. 

As for the financial standing of Unite Group, its stock opened at GBX 931 ($11.53) on Friday, 22 September 2023. The firm's 50-day moving average price stands at GBX 935.91, with its 200-day moving average at GBX 922.80. Notably, Unite Group boasts a market capitalization of £4.06 billion. Furthermore, it is important to take note of the relevant ratios when mapping out a company's financial performance. In these terms, the Unite Group stands at a current ratio of 0.71 and a quick ratio of 0.73, which shows the adequate liquidity levels of the company for ongoing operations. 

Additionally, the Unite Group recently announced that it will be taking steps to reward its shareholders by paying dividends of GBX 11.80 ($0.15) per share on Friday, October 27th. This opens the door for potential investors to direct their money and power towards the Unite Group, also establishing itself in the niche student housing market. 

However, one should always seek the help of financial advisors before investing in any company. But, looking at the current data of the Unite Group, this student housing company can be your best bet and wouldn't let your investment go in vain.