Unite Group (LON:UTG) Stock Price Down 10.8% – What’s Next?

Shares of Unite Group PLC (LON:UTG) fell 10.8% on Thursday . The company traded as low as GBX 628 ($8.39) and last traded at GBX 630.50 ($8.42). 4,407,595 shares changed hands during trading, an increase of 73% from the average session volume of 2,545,748 shares. The stock had previously closed at GBX 706.50 ($9.44).

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “buy” rating and set a GBX 1,205 target price on shares of Unite Group in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Unite Group currently has a consensus rating of “Buy” and a consensus target price of GBX 1,205.

Unite Group Trading Down 1.5%

The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76. The stock’s fifty day simple moving average is GBX 712.72 and its two-hundred day simple moving average is GBX 789.10. The firm has a market cap of £3.01 billion, a PE ratio of 884.60, a PEG ratio of 3.20 and a beta of 1.24.

Unite Group (LON:UTG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 38 EPS for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. On average, sell-side analysts forecast that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.

Insider Buying and Selling at Unite Group

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

About Unite Group

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.