Unite Group (LON:UTG) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Unite Group PLC (LON:UTG) passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Analysts Set New Price Targets

Several brokerages have recently commented on UTG. Panmure Gordon reiterated a “hold” rating and set a GBX 675 price objective on shares of Unite Group in a report on Tuesday, November 25th. Berenberg Bank reiterated a “buy” rating and issued a GBX 855 price target on shares of Unite Group in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Unite Group presently has an average rating of “Moderate Buy” and an average target price of GBX 911.67.

Unite Group Trading Down 0.3%

The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58. The company has a 50 day simple moving average of GBX 547.14 and a two-hundred day simple moving average of GBX 636.93. The firm has a market cap of £2.78 billion, a PE ratio of 8.15, a P/E/G ratio of 3.20 and a beta of 1.24.

Insider Buying and Selling

In other Unite Group news, insider Michael Burt acquired 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, for a total transaction of £52,200. Also, insider Joe Lister acquired 10,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of GBX 526 per share, for a total transaction of £52,600. 0.83% of the stock is owned by corporate 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.