Unite Group (LON:UTG) Reaches New 1-Year Low – What’s Next?

Unite Group PLC (LON:UTG) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 844.50 ($10.87) and last traded at GBX 845.50 ($10.88), with a volume of 1543779 shares traded. The stock had previously closed at GBX 855 ($11.00).

Wall Street Analyst Weigh In

Several analysts recently commented on UTG shares. Berenberg Bank reissued a “hold” rating and set a GBX 1,052 ($13.54) target price on shares of Unite Group in a research note on Thursday, August 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,100 ($14.16) price objective on shares of Unite Group in a research report on Thursday, July 25th.

Unite Group Stock Down 1.1 %

The business’s 50 day simple moving average is GBX 926.67 and its 200 day simple moving average is GBX 925.30. The company has a market capitalization of £4.13 billion, a PE ratio of 1,401.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.52.

About Unite Group

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.