Unite Group (LON:UTG) Share Price Passes Above 200 Day Moving Average of $951.23

Unite Group PLC (LON:UTG) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 951.23 ($12.34) and traded as high as GBX 952 ($12.35). Unite Group shares last traded at GBX 941 ($12.20), with a volume of 567,163 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unite Group in a research report on Wednesday, July 3rd.

Unite Group Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.73 and a debt-to-equity ratio of 28.47. The stock has a market capitalization of £4.08 billion, a PE ratio of 3,748.00, a price-to-earnings-growth ratio of 3.20 and a beta of 1.18. The firm’s fifty day moving average price is GBX 904.08 and its two-hundred day moving average price is GBX 950.48.

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.