Unite Group PLC (LON:UTG) Insider Michael Burt Acquires 11,874 Shares

Unite Group PLC (LON:UTG) insider Michael Burt purchased 11,874 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 838 ($10.78) per share, for a total transaction of £99,504.12 ($128,045.45).

Unite Group Stock Performance

Shares of LON UTG opened at GBX 851 ($10.95) on Friday. 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 £4.16 billion, a P/E ratio of 1,395.08, a P/E/G ratio of 3.20 and a beta of 1.24. The firm’s fifty day moving average is GBX 922.16 and its two-hundred day moving average is GBX 924.26. Unite Group PLC has a 52-week low of GBX 834 ($10.73) and a 52-week high of GBX 1,069 ($13.76).

Analyst Ratings Changes

Several brokerages have recently commented on UTG. Berenberg Bank restated a “hold” rating and set a GBX 1,052 ($13.54) price objective on shares of Unite Group in a research report on Thursday, August 22nd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,100 ($14.16) price objective on shares of Unite Group in a research report on Thursday, July 25th.

Unite Group Company Profile

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.