Insider Buying: Unite Group (LON:UTG) Insider Purchases £200,940.65 in Stock

Unite Group PLC (LON:UTG) insider Richard Huntingford purchased 37,985 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of GBX 529 per share, with a total value of £200,940.65.

Unite Group Price Performance

Shares of LON:UTG opened at GBX 504 on Friday. The firm has a market capitalization of £2.74 billion, a PE ratio of 7.24, a PEG 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. Unite Group PLC has a 1-year low of GBX 484.24 and a 1-year high of GBX 884. The business’s 50 day moving average is GBX 565.12 and its 200-day moving average is GBX 603.99.

Unite Group (LON:UTG) last issued its earnings results on Tuesday, February 24th. The company reported GBX 47.50 EPS for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. Sell-side analysts predict that Unite Group PLC will post 47.9341004 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Panmure Gordon reiterated a “hold” rating and set a GBX 675 target price on shares of Unite Group in a research report on Tuesday, November 25th. Berenberg Bank dropped their price objective on Unite Group from GBX 855 to GBX 774 and set a “buy” rating for the company in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Unite Group has an average rating of “Moderate Buy” and a consensus price target of GBX 884.67.

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.

Our people are driven by a common purpose: to provide a ‘Home for Success’ for the students who live with us. Unite’s accommodation is safe and secure, high quality and affordable.