Unite Group (LON:UTG) Reaches New 52-Week Low – Here’s Why

Unite Group PLC (LON:UTG) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 722 ($9.71) and last traded at GBX 723 ($9.73), with a volume of 1244555 shares trading hands. The stock had previously closed at GBX 735.50 ($9.90).

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating and issued a GBX 1,205 price objective on shares of Unite Group in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,205.

Unite Group Stock Performance

The stock has a market capitalization of £3.51 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.76. The stock’s 50 day moving average is GBX 789.70 and its two-hundred day moving average is GBX 820.05.

Unite Group (LON:UTG) last announced its earnings results on Tuesday, July 29th. The company reported GBX 38 earnings per share for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. Analysts expect that Unite Group PLC will post 47.9341004 earnings per share for the current fiscal year.

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.