Unite Group (LON:UTG) Sets New 12-Month Low – Here’s Why

Unite Group PLC (LON:UTG)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 800 ($10.17) and last traded at GBX 810.50 ($10.30), with a volume of 2614844 shares changing hands. The stock had previously closed at GBX 811 ($10.31).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 1,052 ($13.37) price target on shares of Unite Group in a report on Thursday, August 22nd.

Unite Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 38.52, a quick ratio of 0.73 and a current ratio of 1.58. The company has a market cap of £3.98 billion, a P/E ratio of 1,328.69, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The business’s fifty day moving average is GBX 876.23 and its two-hundred day moving average is GBX 915.94.

Insiders Place Their Bets

In other news, insider Michael Burt bought 11,874 shares of Unite Group stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of GBX 838 ($10.65) per share, for a total transaction of £99,504.12 ($126,499.01). Company insiders own 0.30% of the company’s stock.

About Unite Group

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.