Unite Group PLC (LON:UTG - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 800 ($10.17) and last traded at GBX 810.50 ($10.30), with a volume of 2614844 shares changing hands. The stock had previously closed at GBX 811 ($10.31).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 1,052 ($13.37) price objective on shares of Unite Group in a research note on Thursday, August 22nd.
Read Our Latest Analysis on Unite Group
Unite Group Price Performance
The company's 50-day simple moving average is GBX 876.23 and its 200-day simple moving average is GBX 915.94. The company has a market cap of £3.99 billion, a price-to-earnings ratio of 1,334.43, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73.
Insider Buying and Selling at Unite Group
In other Unite Group news, insider Michael Burt bought 11,874 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of GBX 838 ($10.65) per share, for a total transaction of £99,504.12 ($126,499.01). 0.30% of the stock is currently owned by company insiders.
About Unite Group
(
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Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.
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