Insider Buying: Unite Group PLC (LON:UTG) Insider Buys 11,874 Shares of Stock

Unite Group PLC (LON:UTG) insider Michael Burt purchased 11,874 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 838 ($10.56) per share, for a total transaction of £99,504.12 ($125,399.02).

Unite Group Trading Up 0.7 %

Shares of LON:UTG opened at GBX 857 ($10.80) on Friday. The stock has a market capitalization of £4.19 billion, a PE ratio of 1,404.92, a P/E/G ratio of 3.20 and a beta of 1.24. Unite Group PLC has a 1 year low of GBX 834 ($10.51) and a 1 year high of GBX 1,069 ($13.47). The firm has a fifty day moving average price of GBX 920.12 and a 200 day moving average price of GBX 923.74. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.52.

Analysts Set New Price Targets

Several equities analysts have recently commented on UTG shares. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,100 ($13.86) price target on shares of Unite Group in a report on Thursday, July 25th. Berenberg Bank restated a “hold” rating and set a GBX 1,052 ($13.26) price target on shares of Unite Group in a report on Thursday, August 22nd.

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.