Unite Group (LON:UTG) Sets New 12-Month Low - Time to Sell?

Key Points

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Unite Group PLC (LON:UTG - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 725.50 ($9.81) and last traded at GBX 732.15 ($9.90), with a volume of 843802 shares changing hands. The stock had previously closed at GBX 730 ($9.87).

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 report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Unite Group presently has a consensus rating of "Buy" and an average price target of GBX 1,205.

Unite Group Stock Up 1.1%

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 has a market capitalization of £3.57 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company's fifty day simple moving average is GBX 791.67 and its 200 day simple moving average is GBX 820.83.

Unite Group (LON:UTG - Get Free Report) last issued its quarterly earnings data 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%. Research analysts expect 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.