Unite Group (LON:UTG) Reaches New 1-Year Low - Time to Sell?

Key Points

• Unite Group's share price has reached a 52-week low of GBX 601.50 ($8.02), closing at GBX 607.43 ($8.10) with over 3 million shares traded.
• Citigroup has reaffirmed a "buy" rating for Unite Group, setting a price target of GBX 1,205, indicating analysts are optimistic about the stock's potential recovery.
• Company insiders have shown confidence in the stock, with recent purchases including 5,000 shares by Ross Paterson and 11,389 shares by Joe Lister.

Unite Group PLC (LON:UTG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 601.50 ($8.02) and last traded at GBX 607.43 ($8.10), with a volume of 3288604 shares traded. The stock had previously closed at GBX 615.68 ($8.21).

Wall Street Analysts Forecast Growth

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

Unite Group Stock Performance

The company's 50-day moving average price is GBX 709.83 and its 200 day moving average price is GBX 787.46. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58. The stock has a market capitalization of £2.99 billion, a PE ratio of 879.31, a PEG ratio of 3.20 and a beta of 1.24.

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

Insider Activity

In related news, insider Ross Paterson bought 5,000 shares of the company's stock in a transaction dated Friday, October 10th. The stock was purchased at an average cost of GBX 621 per share, with a total value of £31,050. Also, insider Joe Lister bought 11,389 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was bought at an average cost of GBX 690 per share, with a total value of £78,584.10. Company insiders own 0.83% of the company's stock.

About Unite Group

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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