UNITE Group (LON:UTG) Reaches New 52-Week High at $1,335.00

Shares of UNITE Group plc (LON:UTG) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,335 ($17.56) and last traded at GBX 1,239 ($16.30), with a volume of 405845 shares. The stock had previously closed at GBX 1,175 ($15.46).

UTG has been the topic of several research analyst reports. Barclays reiterated an “overweight” rating on shares of UNITE Group in a research note on Wednesday, November 27th. Liberum Capital reiterated a “hold” rating on shares of UNITE Group in a research note on Monday, October 7th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,150 ($15.13) price target on shares of UNITE Group in a research note on Tuesday. Finally, Peel Hunt reiterated a “buy” rating on shares of UNITE Group in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,066.67 ($14.03).

The firm has a market cap of $4.27 billion and a PE ratio of 13.61. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 31.91. The firm’s 50 day simple moving average is GBX 1,174.42 and its 200 day simple moving average is GBX 1,065.51.

About UNITE Group (LON:UTG)

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.

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