Unite Group (LON:UTG) Sets New 1-Year Low – Here’s What Happened

Unite Group PLC (LON:UTG)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 831.50 ($10.52) and last traded at GBX 832.50 ($10.53), with a volume of 4344107 shares. The stock had previously closed at GBX 843.50 ($10.67).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UTG. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,052 ($13.31) price target on shares of Unite Group in a research note on Thursday, August 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,100 ($13.92) price target on shares of Unite Group in a research note on Thursday, July 25th.

Unite Group Stock Down 1.2 %

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 capitalization of £4.07 billion, a PE ratio of 1,396.72, a PEG ratio of 3.20 and a beta of 1.24. The company has a fifty day moving average price of GBX 912.98 and a 200-day moving average price of GBX 921.93.

Insider Buying and Selling

In other news, insider Michael Burt bought 11,874 shares of Unite Group stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 838 ($10.60) per share, with a total value of £99,504.12 ($125,906.77). 0.30% of the stock is owned by corporate insiders.

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.