
Panmure Liberum downgrades Unite Group to sell with 36% price target cut
Panmure Liberum has slashed its price target on Unite Group PLC (LSE:UTG), the student accommodation landlord, by 36% and downgraded the stock to 'sell', citing a fundamental and potentially lasting deterioration in demand for purpose-built student accommodation. The broker cut its target from 675p to 430p, against a share price of 502.5p, arguing that the company's earnings have further to fall and that the market has yet to fully price in the structural risks now facing the sector.


















