Unite Group (LON:UTG) Hits New 52-Week Low – Time to Sell?

Unite Group PLC (LON:UTG) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 481 and last traded at GBX 484.36, with a volume of 4669267 shares traded. The stock had previously closed at GBX 497.20.

Wall Street Analysts Forecast Growth

UTG has been the subject of a number of recent analyst reports. Panmure Gordon reiterated a “hold” rating and issued a GBX 675 price target on shares of Unite Group in a research note on Tuesday, November 25th. Berenberg Bank lowered their price objective on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Unite Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 884.67.

Unite Group Stock Performance

The company has a debt-to-equity ratio of 29.55, a current ratio of 29.97 and a quick ratio of 0.73. The stock’s 50-day moving average price is GBX 559.81 and its 200-day moving average price is GBX 593.91. The company has a market cap of £2.63 billion, a P/E ratio of 24.32, a PEG ratio of 3.20 and a beta of 1.04.

Unite Group (LON:UTG) last released its quarterly earnings results on Tuesday, February 24th. The company reported GBX 47.50 EPS for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. Equities analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current year.

Insider Activity

In other Unite Group news, insider Richard N. L. Huntingford bought 37,985 shares of the stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is currently owned by insiders.

Unite Group Company Profile

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.

Our people are driven by a common purpose: to provide a ‘Home for Success’ for the students who live with us. Unite’s accommodation is safe and secure, high quality and affordable.