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

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.

Unite Group PLC (LON:UTG - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 722 ($9.71) and last traded at GBX 723 ($9.73), with a volume of 1244555 shares changing hands. The stock had previously closed at GBX 735.50 ($9.90).

Wall Street Analyst Weigh In

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

Unite Group Stock Down 1.7%

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 firm's 50-day moving average is GBX 789.70 and its two-hundred day moving average is GBX 820.05. The stock has a market cap of £3.51 billion, a P/E ratio of 11.64, a PEG 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 net margin of 79.68% and a return on equity of 6.45%. On average, equities research analysts anticipate that Unite Group PLC will post 47.9341004 earnings per share for the current year.

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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