Unite Group (LON:UTG) Shares Cross Above 200-Day Moving Average of $934.84

Posted by Defense World Staff on Sep 18th, 2024

Unite Group PLC (LON:UTG – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 934.84 ($12.35) and traded as high as GBX 996 ($13.16). Unite Group shares last traded at GBX 975.50 ($12.89), with a volume of 632,321 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Berenberg Bank reissued a “hold” rating and issued a GBX 1,052 ($13.90) price target on shares of Unite Group in a research note on Thursday, August 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,100 ($14.53) price target on shares of Unite Group in a research note on Thursday, July 25th.

Read Our Latest Stock Analysis on Unite Group

Unite Group Price Performance

The firm has a market cap of £4.74 billion, a price-to-earnings ratio of 1,599.18, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.52. The company has a 50 day moving average of GBX 950.62 and a 200 day moving average of GBX 934.84.

Unite Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 19th will be paid a dividend of GBX 12.40 ($0.16) per share. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 19th. Unite Group’s payout ratio is presently 5,901.64%.

Insider Buying and Selling

In other news, insider Joe Lister bought 2,777 shares of the stock in a transaction on Friday, July 26th. The stock was purchased at an average price of GBX 900 ($11.89) per share, for a total transaction of £24,993 ($33,015.85). 0.30% of the stock is currently owned by company insiders.

Unite Group Company Profile

(Get Free Report)

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.