Unite Group (LON:UTG) Sets New 12-Month Low – Here’s What Happened

Unite Group PLC (LON:UTG) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 567.50 ($7.59) and last traded at GBX 570.47 ($7.63), with a volume of 17019129 shares trading hands. The stock had previously closed at GBX 574.50 ($7.68).

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating and issued a GBX 1,205 price target on shares of Unite Group in a report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,205.

Unite Group Stock Up 0.9%

The firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76. The firm has a 50 day moving average price of GBX 689.91 and a two-hundred day moving average price of GBX 777.54.

Unite Group (LON:UTG) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 38 earnings per share for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. On average, equities analysts expect that Unite Group PLC will post 47.9341004 earnings per share for the current fiscal year.

Insider Activity at Unite Group

In related news, insider Ross Paterson purchased 5,000 shares of Unite Group stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average cost of GBX 621 per share, with a total value of £31,050. Also, insider Joe Lister purchased 11,389 shares of Unite Group stock in a transaction that occurred on Thursday, September 4th. The shares were bought at an average cost of GBX 690 per share, for a total transaction of £78,584.10. Insiders own 0.83% of the company’s stock.

Unite Group Company Profile

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.