Unite Group (LON:UTG) Reaches New 1-Year Low – Time to Sell?

Unite Group PLC (LON:UTG)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 601.50 ($8.02) and last traded at GBX 607.43 ($8.10), with a volume of 3288604 shares traded. The stock had previously closed at GBX 615.68 ($8.21).

Analysts Set New Price Targets

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,205.

Unite Group Stock Performance

The firm has a market capitalization of £2.99 billion, a P/E ratio of 879.31, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76. The business’s 50 day simple moving average is GBX 709.83 and its two-hundred day simple moving average is GBX 787.46.

Unite Group (LON:UTG) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 38 earnings per share for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. Sell-side analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.

Insider Transactions at Unite Group

In related news, insider Joe Lister purchased 11,389 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were purchased at an average price of GBX 690 per share, with a total value of £78,584.10. Also, insider Ross Paterson purchased 5,000 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of GBX 621 per share, for a total transaction of £31,050. Company 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.