Unite Group (LON:UTG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Unite Group PLC (LON:UTG)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 636.93 and traded as low as GBX 568. Unite Group shares last traded at GBX 570, with a volume of 39,201,266 shares changing hands.

Analysts Set New Price Targets

UTG has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 855 target price on shares of Unite Group in a research report on Friday, November 28th. Panmure Gordon restated a “hold” rating and set a GBX 675 price objective on shares of Unite Group in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Unite Group presently has an average rating of “Moderate Buy” and an average price target of GBX 911.67.

Unite Group Price Performance

The firm has a 50-day simple moving average of GBX 547.14 and a 200-day simple moving average of GBX 636.93. The firm has a market cap of £2.78 billion, a P/E ratio of 8.15, a PEG 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.

Insider Activity

In other news, insider Michael Burt purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 522 per share, with a total value of £52,200. Also, insider Joe Lister acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of GBX 526 per share, for a total transaction of £52,600. 0.83% of the stock is 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.