Unite Group (LON:UTG) Sets New 12-Month Low on Analyst Downgrade

Unite Group PLC (LON:UTG) shares hit a new 52-week low during mid-day trading on Monday after The Goldman Sachs Group lowered their price target on the stock from GBX 680 to GBX 620. The Goldman Sachs Group currently has a buy rating on the stock. Unite Group traded as low as GBX 446.40 and last traded at GBX 448.20, with a volume of 1055360 shares traded. The stock had previously closed at GBX 448.80.

Several other analysts have also recently weighed in on UTG. Deutsche Bank Aktiengesellschaft reduced their price target on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a report on Friday, March 20th. Berenberg Bank dropped their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Unite Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 782.80.

Insiders Place Their Bets

In related news, insider Richard N. L. Huntingford acquired 37,985 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of GBX 529 per share, for a total transaction of £200,940.65. 0.77% of the stock is owned by insiders.

Unite Group Price Performance

The stock has a market cap of £2.48 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.20 and a beta of 0.98. The business has a 50-day simple moving average of GBX 527.16 and a 200 day simple moving average of GBX 565.38. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55.

Unite Group (LON:UTG) last issued 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 return on equity of 2.03% and a net margin of 30.06%. On average, analysts forecast that Unite Group PLC will post 47.9341004 earnings per share for the current year.

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.