Unite Group (LON:UTG) Sets New 1-Year Low – Time to Sell?

Shares of Unite Group PLC (LON:UTG) hit a new 52-week low on Wednesday . The company traded as low as GBX 493.40 and last traded at GBX 494.60, with a volume of 7487135 shares changing hands. The stock had previously closed at GBX 495.40.

Analyst Ratings Changes

A number of brokerages have issued reports on UTG. Berenberg Bank decreased their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 675 price objective on shares of Unite Group in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Unite Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 884.67.

Unite Group Trading Up 1.0%

The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73. The company has a market capitalization of £2.76 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The business has a fifty day moving average price of GBX 566 and a 200 day moving average price of GBX 605.62.

Unite Group (LON:UTG) last announced its quarterly earnings data on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. On average, equities analysts expect that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.

Insider Transactions at Unite Group

In related news, insider Michael Burt acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was acquired at an average price of GBX 522 per share, with a total value of £52,200. Also, insider Richard N. L. Huntingford bought 37,985 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of GBX 529 per share, for a total transaction of £200,940.65. In the last 90 days, insiders have purchased 57,985 shares of company stock worth $30,574,065. 0.75% of the stock is currently 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.

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.