Unite Group (LON:UTG) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Unite Group PLC (LON:UTG)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 473.76 and traded as high as GBX 477. Unite Group shares last traded at GBX 476.45, with a volume of 128,812,117 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on UTG shares. Citigroup lowered Unite Group to a “neutral” rating and decreased their price objective for the stock from GBX 906 to GBX 579 in a report on Monday, August 3rd. Peel Hunt reissued a “hold” rating and set a GBX 555 price target on shares of Unite Group in a research note on Thursday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Unite Group from GBX 690 to GBX 640 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Unite Group from GBX 640 to GBX 570 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 450 price target on shares of Unite Group in a report on Monday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 593.56.

Unite Group Trading Up 0.9%

The company has a market cap of £2.43 billion, a price-to-earnings ratio of -4.84, a PEG ratio of 3.20 and a beta of 0.94. The company has a current ratio of 23.17, a quick ratio of 0.73 and a debt-to-equity ratio of 46.65. The business’s 50 day moving average price is GBX 472.18 and its 200-day moving average price is GBX 504.36.

Unite Group (LON:UTG) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Unite Group had a negative net margin of 143.81% and a negative return on equity of 10.94%. On average, equities analysts anticipate that Unite Group PLC will post 47.93 EPS for the current fiscal year.

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.