Unite Group (LON:UTG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Unite Group PLC (LON:UTG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 931.44 ($12.09) and traded as high as GBX 947 ($12.30). Unite Group shares last traded at GBX 920 ($11.94), with a volume of 685,990 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,052 ($13.66) price target on shares of Unite Group in a report on Thursday, August 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,100 ($14.28) price target on shares of Unite Group in a report on Thursday, July 25th.

Unite Group Stock Performance

The business’s fifty day moving average price is GBX 949.85 and its 200-day moving average price is GBX 931.44. 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 stock has a market cap of £4.46 billion, a PE ratio of 1,508.20, a P/E/G ratio of 3.20 and a beta of 1.24.

Insider Transactions at Unite Group

In other Unite Group news, insider Joe Lister acquired 2,777 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of GBX 900 ($11.69) per share, for a total transaction of £24,993 ($32,450.01). 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.