Unite Group PLC (LON:UTG - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 831.50 ($10.52) and last traded at GBX 832.50 ($10.53), with a volume of 4344107 shares changing hands. The stock had previously closed at GBX 843.50 ($10.67).
Analyst Upgrades and Downgrades
UTG has been the topic of a number of recent analyst reports. Berenberg Bank reissued a "hold" rating and set a GBX 1,052 ($13.31) price target on shares of Unite Group in a research report on Thursday, August 22nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 1,100 ($13.92) price target on shares of Unite Group in a report on Thursday, July 25th.
View Our Latest Report on UTG
Unite Group Stock Performance
The stock's fifty day moving average price is GBX 912.98 and its 200-day moving average price is GBX 921.93. The company has a market capitalization of £4.09 billion, a P/E ratio of 1,365.57, a PEG ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.52, a quick ratio of 0.73 and a current ratio of 1.58.
Insiders Place Their Bets
In other news, insider Michael Burt acquired 11,874 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of GBX 838 ($10.60) per share, with a total value of £99,504.12 ($125,906.77). Company insiders own 0.30% of the company's stock.
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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