Unite Group (LON:UTG) Shares Down 10.8% – What’s Next?

Unite Group PLC (LON:UTG) shares dropped 10.8% during trading on Thursday . The stock traded as low as GBX 628 ($8.39) and last traded at GBX 630.50 ($8.42). Approximately 4,407,595 shares were traded during trading, an increase of 73% from the average daily volume of 2,545,748 shares. The stock had previously closed at GBX 706.50 ($9.44).

Wall Street Analyst Weigh In

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

Unite Group Trading Down 1.5%

The firm has a market capitalization of £3.01 billion, a PE ratio of 884.60, a PEG ratio of 3.20 and a beta of 1.24. The company’s 50-day moving average price is GBX 712.72 and its 200-day moving average price is GBX 789.10. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58.

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

Insider Transactions at Unite Group

In other Unite Group news, insider Joe Lister acquired 11,389 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were acquired at an average price of GBX 690 per share, for a total transaction of £78,584.10. Also, insider Ross Paterson purchased 5,000 shares of the company’s stock in a transaction on Friday, October 10th. The stock was bought at an average price of GBX 621 per share, for a total transaction of £31,050. Corporate insiders own 0.83% of the company’s stock.

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.