Unite Group PLC (LON:UTG) Insider Michael Burt Buys 11,874 Shares

Unite Group PLC (LON:UTG) insider Michael Burt bought 11,874 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of GBX 838 ($10.78) per share, for a total transaction of £99,504.12 ($128,045.45).

Unite Group Price Performance

Shares of UTG stock traded up GBX 12.50 ($0.16) during mid-day trading on Thursday, hitting GBX 851 ($10.95). 1,088,195 shares of the stock were exchanged, compared to its average volume of 1,258,576. The company has a market cap of £4.16 billion, a PE ratio of 1,374.59, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Unite Group PLC has a 52-week low of GBX 834 ($10.73) and a 52-week high of GBX 1,069 ($13.76). The firm has a fifty day moving average of GBX 924.29 and a 200 day moving average of GBX 924.72. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 38.52.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,052 ($13.54) price target on shares of Unite Group in a research report on Thursday, August 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,100 ($14.16) price target on shares of Unite Group in a research report on Thursday, July 25th.

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.