Unite Group (LON:UTG) Sets New 12-Month Low – Should You Sell?

Unite Group PLC (LON:UTG)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 844.50 ($10.87) and last traded at GBX 845.50 ($10.88), with a volume of 1543779 shares trading hands. The stock had previously closed at GBX 855 ($11.00).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,100 ($14.16) target price on shares of Unite Group in a research note on Thursday, July 25th. Berenberg Bank restated a “hold” rating and issued a GBX 1,052 ($13.54) target price on shares of Unite Group in a research note on Thursday, August 22nd.

Unite Group Trading Down 1.1 %

The company has a market cap of £4.13 billion, a price-to-earnings ratio of 1,401.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company’s 50 day moving average price is GBX 926.67 and its 200 day moving average price is GBX 925.30. The company has a debt-to-equity ratio of 38.52, a quick ratio of 0.73 and a current ratio of 1.58.

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.