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

Unite Group PLC (LON:UTG) reached a new 52-week low during trading on Monday . The company traded as low as GBX 446.40 and last traded at GBX 448.20, with a volume of 1055360 shares changing hands. The stock had previously closed at GBX 448.80.

Wall Street Analysts Forecast Growth

UTG has been the subject of a number of research reports. Berenberg Bank reduced their price target on shares of Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their target price on Unite Group from GBX 700 to GBX 640 and set a “buy” rating on the stock in a research report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 823.50.

Unite Group Stock Performance

The stock has a market cap of £2.41 billion, a PE ratio of 22.45, a P/E/G ratio of 3.20 and a beta of 0.98. The firm’s 50-day moving average is GBX 532.05 and its 200 day moving average is GBX 568.99. The company has a debt-to-equity ratio of 29.55, a quick ratio of 0.73 and a current ratio of 29.97.

Unite Group (LON:UTG) last issued its quarterly earnings data on Tuesday, February 24th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Unite Group had a net margin of 30.06% and a return on equity of 2.03%. As a group, research analysts anticipate that Unite Group PLC will post 47.9341004 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard N. L. Huntingford bought 37,985 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of GBX 529 per share, for a total transaction of £200,940.65. Insiders own 0.77% of the company’s stock.

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.