Unite Group PLC (LON:UTG) Insider Purchases £99,504.12 in Stock

Unite Group PLC (LON:UTG) insider Michael Burt bought 11,874 shares of the stock in a transaction on Thursday, November 14th. The stock was bought at an average price of GBX 838 ($10.56) per share, for a total transaction of £99,504.12 ($125,399.02).

Unite Group Stock Up 0.7 %

UTG opened at GBX 857 ($10.80) on Friday. The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73. Unite Group PLC has a 12 month low of GBX 834 ($10.51) and a 12 month high of GBX 1,069 ($13.47). The stock has a market capitalization of £4.19 billion, a P/E ratio of 1,404.92, a P/E/G ratio of 3.20 and a beta of 1.24. The business has a 50 day simple moving average of GBX 920.12 and a 200-day simple moving average of GBX 923.74.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UTG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,100 ($13.86) price target on shares of Unite Group in a report on Thursday, July 25th. Berenberg Bank restated a “hold” rating and issued a GBX 1,052 ($13.26) target price on shares of Unite Group in a research note on Thursday, August 22nd.

Unite Group Company Profile

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.