Unite Group (LON:UTG) Insider Michael Burt Purchases 10,000 Shares of Stock

Unite Group PLC (LON:UTG) insider Michael Burt bought 10,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was bought at an average price of GBX 522 per share, with a total value of £52,200.

Unite Group Stock Down 2.8%

LON:UTG opened at GBX 510 on Tuesday. 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 stock has a 50 day moving average of GBX 579.45 and a 200-day moving average of GBX 706.89. The firm has a market capitalization of £2.50 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Unite Group PLC has a 52 week low of GBX 494.10 and a 52 week high of GBX 885.61.

Wall Street Analysts Forecast Growth

UTG has been the topic of several analyst reports. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 675 target price on shares of Unite Group in a research report on Tuesday, November 25th. Berenberg Bank reissued a “buy” rating and set a GBX 855 price target on shares of Unite Group in a report on Friday, November 28th. Finally, Citigroup restated a “buy” rating and set a GBX 1,205 price target on shares of Unite Group in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 911.67.

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.