Unite Group (LON:UTG) Reaches New 12-Month Low - What's Next?

Key Points

• Unite Group PLC's share price dropped to a 12-month low, trading at GBX 728.50 ($9.84) during the day.
• The company reported a net margin of 79.68% and a return on equity of 6.45% in its latest quarterly earnings.
• Unite Group is the UK's largest provider of purpose-built student accommodation, housing 70,000 students across 157 properties.

Unite Group PLC (LON:UTG - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 728.50 ($9.87) and last traded at GBX 731 ($9.91), with a volume of 404483 shares changing hands. The stock had previously closed at GBX 739 ($10.02).

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a "buy" rating and issued a GBX 1,205 ($16.33) price target on shares of Unite Group in a report on Friday.

Unite Group Stock Performance

The stock has a market cap of £3.56 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73. The firm has a fifty day moving average of GBX 802.67 and a 200 day moving average of GBX 825.60.

Unite Group (LON:UTG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 38 ($0.52) earnings per share for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. As a group, sell-side analysts forecast that Unite Group PLC will post 47.9341004 EPS 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.