Unite group, a company that develops and manages student accommodation in the UK, could come back to its previous trading range in the near future.

The company is expected to take charge of its financial situation and improve 2013 figures. Increasing sales (£113 million) are anticipated for the current year, thus a progress of 11% over the last fiscal period. The EBITDA should surge to £73 million and a net income close to £95 million is foreseen. The security seems disvalued with a P/E ratio of only 10 times expectations providing investors an interesting acquisition value; a lower level is estimated for 2015. The EV/Revenue ratio is quite small at 1.54x.

The stock looks forward to re-enter the bullish channel. Severely penalized in the past the equity shows a progressive uptrend. It plunged through several sessions until coming toward the GBp 406 support area. Now, the share is intended to upturn for regaining some pence and could retake its place inside the positive pattern. In weekly data, moving averages orientation should help prices on the upturn process and possibly held it until the GBp 456 resistance reached.

Thus, a long position could be taken by investors once the resistance level at GBp 421.9 is broke reached for seeking the GBp 456 resistance. The stop-loss order could be placed at GBp 404.85.