Michael Burt Buys 11,874 Shares of Unite Group PLC (LON:UTG) Stock

Unite Group PLC (LON:UTG) insider Michael Burt acquired 11,874 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of GBX 838 ($10.78) per share, for a total transaction of £99,504.12 ($128,045.45).

Unite Group Stock Up 1.5 %

Unite Group stock traded up GBX 12.50 ($0.16) during mid-day trading on Thursday, reaching GBX 851 ($10.95). 1,088,195 shares of the company were exchanged, compared to its average volume of 1,258,576. The company has a debt-to-equity ratio of 38.52, a quick ratio of 0.73 and a current ratio of 1.58. The firm has a market cap of £4.16 billion, a P/E ratio of 1,374.59, a PEG ratio of 3.20 and a beta of 1.24. The business has a fifty day moving average of GBX 924.29 and a 200 day moving average of GBX 924.72. Unite Group PLC has a 12-month low of GBX 834 ($10.73) and a 12-month high of GBX 1,069 ($13.76).

Analyst Upgrades and Downgrades

UTG has been the topic of a number of analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 1,052 ($13.54) price objective on shares of Unite Group in a research report on Thursday, August 22nd. 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.

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.