Unite Group (LON:UTG) Sets New 52-Week Low - Time to Sell?

Key Points

• Unite Group PLC (LON:UTG) has hit a new **52-week low**, trading at GBX 697, which raises concerns among investors regarding whether it is time to sell.
• Despite the drop, Citigroup has maintained a **"buy" rating** on the stock, setting a price target of **GBX 1,205**, indicating potential for recovery.
• Unite Group reported an **earnings per share (EPS)** of GBX 38 for the last quarter, with a current insider consensus predicting an EPS of approximately **47.93** for the fiscal year.

Shares of Unite Group PLC (LON:UTG - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 697 ($9.41) and last traded at GBX 703.50 ($9.50), with a volume of 2209428 shares trading hands. The stock had previously closed at GBX 698 ($9.43).

Analyst Ratings Changes

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

Unite Group Trading Up 0.8%

The firm has a 50-day moving average of GBX 778.31 and a 200 day moving average of GBX 815.65. 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 stock has a market capitalization of £3.44 billion, a price-to-earnings ratio of 1,010.78, a PEG ratio of 3.20 and a beta of 1.24.

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

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