Shares of Unite Group PLC (LON:UTG - Get Free Report) were down 10.8% during mid-day trading on Wednesday . The company traded as low as GBX 628 ($8.42) and last traded at GBX 630.50 ($8.45). Approximately 4,407,595 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 2,545,748 shares. The stock had previously closed at GBX 706.50 ($9.47).
Analyst Ratings Changes
Separately, Citigroup reiterated a "buy" rating and issued a GBX 1,205 target price on shares of Unite Group in a research note on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 1,205.
View Our Latest Stock Analysis on Unite Group
Unite Group Trading Down 10.8%
The business has a 50 day simple moving average of GBX 717.84 and a two-hundred day simple moving average of GBX 791.66. 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 cap of £3.08 billion, a price-to-earnings ratio of 905.89, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.
Unite Group (LON:UTG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 38 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, equities analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current year.
Insiders Place Their Bets
In other Unite Group news, insider Joe Lister acquired 11,389 shares of the stock in a transaction on Thursday, September 4th. The stock was purchased at an average price of GBX 690 per share, for a total transaction of £78,584.10. 0.83% of the stock is currently owned by company insiders.
About Unite Group
(
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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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