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Unite Group (LON:UTG) Insider Buys £31,050 in Stock

Unite Group logo with Real Estate background

Key Points

  • Insider Ross Paterson purchased 5,000 shares of Unite Group stock for a total of £31,050 on October 10th, at an average price of GBX 621 per share.
  • Unite Group's stock has experienced a significant decline, trading at GBX 615.68, down GBX 9.32 from previous levels, with a market capitalization of £3.01 billion.
  • Citigroup has maintained a "buy" rating for Unite Group with a price target of GBX 1,205, reflecting a positive outlook from analysts.
  • Five stocks we like better than Unite Group.

Unite Group PLC (LON:UTG - Get Free Report) insider Ross Paterson acquired 5,000 shares of the business's stock in a transaction dated Friday, October 10th. The shares were acquired at an average cost of GBX 621 per share, with a total value of £31,050.

Unite Group Price Performance

Unite Group stock traded down GBX 9.32 during mid-day trading on Friday, hitting GBX 615.68. The stock had a trading volume of 123,253,648 shares, compared to its average volume of 3,168,915. The firm has a market capitalization of £3.01 billion, a P/E ratio of 884.60, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76. The firm's 50 day moving average is GBX 715.29 and its 200 day moving average is GBX 790.41. Unite Group PLC has a one year low of GBX 608.50 and a one year high of GBX 947.

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

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "buy" rating and set a GBX 1,205 price objective on shares of Unite Group in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 1,205.

Check Out Our Latest Stock Report on UTG

Unite Group Company Profile

(Get Free Report)

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.

See Also

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