Unite Group (LON:UTG) Reaches New 52-Week Low – What’s Next?

Unite Group PLC (LON:UTG)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 844.50 ($10.87) and last traded at GBX 845.50 ($10.88), with a volume of 1543779 shares. The stock had previously closed at GBX 855 ($11.00).

Analysts Set New Price Targets

Several analysts recently commented on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,052 ($13.54) target price on shares of Unite Group in a report on Thursday, August 22nd. JPMorgan Chase & Co. reiterated 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 Stock Performance

The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73. The stock has a fifty day simple moving average of GBX 922.16 and a two-hundred day simple moving average of GBX 924.26. The firm has a market capitalization 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.

Insider Transactions at Unite Group

In related news, insider Michael Burt acquired 11,874 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 838 ($10.78) per share, with a total value of £99,504.12 ($128,045.45). Insiders own 0.30% of the company’s stock.

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.