Unite Group (LON:UTG) Hits New 52-Week Low - Here's Why

Key Points

• Unite Group's share price has hit a new 52-week low at GBX 665 ($8.93), trading significantly lower than its previous close of GBX 706.50 ($9.49).
• Analysts maintain a consensus "Buy" rating for Unite Group, with a target price set at GBX 1,205, indicating potential upside for investors.
• Insider Joe Lister recently purchased 11,389 shares at an average price of GBX 690, showing confidence in the company's future.

Unite Group PLC (LON:UTG - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 665 ($8.93) and last traded at GBX 665 ($8.93), with a volume of 695718 shares changing hands. The stock had previously closed at GBX 706.50 ($9.49).

Analyst Ratings Changes

Separately, Citigroup restated a "buy" rating and set a GBX 1,205 target price on shares of Unite Group in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 1,205.

Unite Group Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.76. The stock has a 50 day simple moving average of GBX 720.30 and a 200 day simple moving average of GBX 792.78. The company has a market capitalization of £3.13 billion, a price-to-earnings ratio of 920.26, a P/E/G ratio of 3.20 and a beta of 1.24.

Unite Group (LON:UTG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 38 EPS for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. As a group, analysts anticipate that Unite Group PLC will post 47.9341004 earnings per share for the current fiscal year.

Insider Buying and Selling at Unite Group

In other Unite Group news, insider Joe Lister purchased 11,389 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were bought at an average price of GBX 690 per share, with a total value of £78,584.10. Company insiders own 0.83% of the company's stock.

Unite Group Company Profile

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.

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