Unite Group (LON:UTG) Sets New 12-Month Low - Here's What Happened

Unite Group PLC (LON:UTG - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 830.50 ($10.59) and last traded at GBX 833.50 ($10.63), with a volume of 1193060 shares. The stock had previously closed at GBX 833.50 ($10.63).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 1,052 ($13.42) target price on shares of Unite Group in a research report on Thursday, August 22nd.

Unite Group Trading Down 0.1 %

The stock has a market capitalization of £4.07 billion, a price-to-earnings ratio of 1,365.57, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a fifty day moving average of GBX 881.96 and a two-hundred day moving average of GBX 917.99. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.52.

Insider Buying and Selling at Unite Group

In other news, insider Michael Burt purchased 11,874 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of GBX 838 ($10.69) per share, with a total value of £99,504.12 ($126,934.71). 0.30% of the stock is currently owned by corporate insiders.

About Unite Group

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.