Unite Group PLC (LON:UTG – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 567.50 ($7.62) and last traded at GBX 570.47 ($7.66), with a volume of 17019129 shares trading hands. The stock had previously closed at GBX 574.50 ($7.71).
Analysts Set New Price Targets
Separately, Citigroup reiterated a “buy” rating and issued a GBX 1,205 target price on shares of Unite Group in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Unite Group currently has an average rating of “Buy” and a consensus price target of GBX 1,205.
Read Our Latest Stock Report on Unite Group
Unite Group Price Performance
Unite Group (LON:UTG – Get Free Report) last issued its quarterly earnings data 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%. On average, analysts expect that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Joe Lister acquired 11,389 shares of Unite Group stock in a transaction dated Thursday, September 4th. The stock was acquired at an average cost of GBX 690 per share, for a total transaction of £78,584.10. Also, insider Ross Paterson acquired 5,000 shares of Unite Group stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of GBX 621 per share, with a total value of £31,050. 0.83% of the stock is currently owned by insiders.
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.
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