Insider Buying: Unite Group (LON:UTG) Insider Purchases £52,200 in Stock

Unite Group PLC (LON:UTG) insider Michael Burt acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 522 per share, with a total value of £52,200.

Unite Group Stock Up 0.8%

Shares of LON:UTG opened at GBX 516.50 on Thursday. The stock has a market capitalization of £2.53 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Unite Group PLC has a 1-year low of GBX 494.10 and a 1-year high of GBX 885.61. The company’s fifty day moving average is GBX 571.10 and its two-hundred day moving average is GBX 703.48. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 855 price objective on shares of Unite Group in a research note on Friday, November 28th. Panmure Gordon reiterated a “hold” rating and set a GBX 675 price target on shares of Unite Group in a research report on Tuesday, November 25th. Finally, Citigroup reissued a “buy” rating and issued a GBX 1,205 price target on shares of Unite Group in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 911.67.

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.