Unite Group (LON:UTG) Sets New 52-Week Low – Should You Sell?

Unite Group PLC (LON:UTG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 864.50 ($11.25) and last traded at GBX 864.50 ($11.25), with a volume of 560028 shares changing hands. The stock had previously closed at GBX 867 ($11.29).

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UTG. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,100 ($14.32) price objective on shares of Unite Group in a report on Thursday, July 25th. Berenberg Bank reissued a “hold” rating and set a GBX 1,052 ($13.69) price target on shares of Unite Group in a research note on Thursday, August 22nd.

Unite Group Stock Performance

The stock has a market capitalization of £4.23 billion, a price-to-earnings ratio of 1,422.13, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73. The stock has a 50-day moving average of GBX 936.58 and a 200 day moving average of GBX 927.68.

Unite Group Company Profile

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.