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

Key Points

• Unite Group PLC shares hit a new 52-week low during trading at GBX 722 ($9.71), reflecting a decrease from a previous close of GBX 735.50 ($9.90).
• Citigroup has reaffirmed a "buy" rating for Unite Group, targeting a price of GBX 1,205, indicating analysts currently view the stock positively despite its recent performance.
• The company reported an EPS of GBX 38 for the last quarter and has a high net margin of 79.68%, suggesting strong profitability despite current stock price challenges.

Shares of Unite Group PLC (LON:UTG - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 722 ($9.75) and last traded at GBX 723 ($9.76), with a volume of 1244555 shares traded. The stock had previously closed at GBX 735.50 ($9.93).

Wall Street Analyst Weigh In

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

Unite Group Price 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 market capitalization of £3.41 billion, a PE ratio of 1,002.87, a PEG ratio of 3.20 and a beta of 1.24. The company has a 50-day moving average of GBX 778.31 and a 200 day moving average of GBX 815.65.

Unite Group (LON:UTG - Get Free Report) last issued its quarterly 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%. Sell-side analysts predict that Unite Group PLC will post 47.9341004 EPS for the current year.

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.