Unite Group (LON:UTG) Hits New 1-Year Low on Analyst Downgrade

Unite Group PLC (LON:UTG) hit a new 52-week low during mid-day trading on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 700 to GBX 640. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Unite Group traded as low as GBX 456.60 and last traded at GBX 457.40, with a volume of 38583059 shares. The stock had previously closed at GBX 467.40.

UTG has been the topic of several other research reports. Berenberg Bank cut their target price on Unite Group from GBX 855 to GBX 774 and set a “buy” rating on the stock in a research report on Monday, January 26th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 675 price target on shares of Unite Group in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 823.50.

Insiders Place Their Bets

In related news, insider Richard N. L. Huntingford purchased 37,985 shares of Unite Group stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, with a total value of £200,940.65. 0.77% of the stock is currently owned by company insiders.

Unite Group Price Performance

The firm has a market capitalization of £2.47 billion, a PE ratio of 22.98, a P/E/G ratio of 3.20 and a beta of 0.98. The company has a current ratio of 29.97, a quick ratio of 0.73 and a debt-to-equity ratio of 29.55. The company has a fifty day moving average price of GBX 543.56 and a two-hundred day moving average price of GBX 577.73.

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

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.

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.