Unite Group (LON:UTG) Hits New 52-Week Low – Here’s What Happened

Shares of Unite Group PLC (LON:UTG) reached a new 52-week low on Wednesday . The stock traded as low as GBX 864.50 ($11.25) and last traded at GBX 864.50 ($11.25), with a volume of 560028 shares traded. The stock had previously closed at GBX 867 ($11.29).

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,100 ($14.32) target price on shares of Unite Group in a research note on Thursday, July 25th. Berenberg Bank reissued a “hold” rating and set a GBX 1,052 ($13.69) target price on shares of Unite Group in a report on Thursday, August 22nd.

Unite Group Trading Up 0.8 %

The firm has a market capitalization of £4.21 billion, a P/E ratio of 1,401.64, a PEG ratio of 3.20 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.52. The firm has a 50 day moving average of GBX 932.19 and a 200-day moving average of GBX 926.65.

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.