Unite Group (LON:UTG) Shares Down 9.3% – Should You Sell?

Shares of Unite Group PLC (LON:UTG) were down 9.3% during mid-day trading on Wednesday . The stock traded as low as GBX 640 ($8.59) and last traded at GBX 640.50 ($8.60). Approximately 1,319,961 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 2,529,914 shares. The stock had previously closed at GBX 706.50 ($9.49).

Analyst Ratings Changes

Separately, Citigroup reiterated a “buy” rating and issued a GBX 1,205 price target on shares of Unite Group in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,205.

Unite Group Trading Down 9.4%

The business’s 50-day moving average price is GBX 720.30 and its 200 day moving average price is GBX 792.78. The company has a market cap of £3.13 billion, a P/E ratio of 919.54, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58.

Unite Group (LON:UTG) last posted its earnings results on Tuesday, July 29th. The company reported GBX 38 earnings per share (EPS) for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. As a group, analysts expect that Unite Group PLC will post 47.9341004 earnings per share for the current year.

Insider Activity

In related news, insider Joe Lister bought 11,389 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was bought at an average price of GBX 690 per share, for a total transaction of £78,584.10. Corporate insiders own 0.83% of the company’s stock.

About Unite Group

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.