Unite Group (LON:UTG) Trading Down 9.2% – What’s Next?

Shares of Unite Group PLC (LON:UTG) were down 9.2% on Tuesday . The company traded as low as GBX 523 and last traded at GBX 524.84. Approximately 2,702,196 shares changed hands during trading, a decline of 79% from the average daily volume of 12,743,521 shares. The stock had previously closed at GBX 578.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UTG. Panmure Gordon restated a “hold” rating and set a GBX 675 price objective on shares of Unite Group in a report on Tuesday, November 25th. Berenberg Bank lowered their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unite Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 884.67.

Unite Group Stock Performance

The company has a market capitalization of £2.74 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58. The business has a 50 day moving average of GBX 566.90 and a 200-day moving average of GBX 606.35.

Unite Group (LON:UTG) last posted its earnings results on Tuesday, February 24th. The company reported GBX 47.50 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 predict that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.

Insider Buying and Selling

In other Unite Group news, insider Richard N. L. Huntingford purchased 37,985 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of GBX 529 per share, with a total value of £200,940.65. Also, insider Joe Lister purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of GBX 526 per share, for a total transaction of £52,600. Insiders have acquired 57,985 shares of company stock valued at $30,574,065 over the last ninety days. 0.75% of the stock is owned by 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.

Our people are driven by a common purpose: to provide a ‘Home for Success’ for the students who live with us. Unite’s accommodation is safe and secure, high quality and affordable.