Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Unite Group plc ( (GB:UTG) ) just unveiled an announcement.
Unite Group has confirmed the admission to trading of 56.5 million new ordinary shares on the London Stock Exchange in connection with its recommended cash and share acquisition of Empiric Student Property via a court-sanctioned scheme of arrangement, expanding its equity base and consolidating its position in the UK student accommodation market. Alongside the new share issuance, the company continues to execute its previously announced share buyback programme, purchasing and cancelling 124,273 shares on 28 January 2026 and 2.1 million shares in total since the programme began, leaving 544.5 million shares in issue and modestly adjusting its capital structure and voting base for existing shareholders.
The most recent analyst rating on (GB:UTG) stock is a Hold with a £629.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Spark’s Take on GB:UTG Stock
According to Spark, TipRanks’ AI Analyst, GB:UTG is a Outperform.
Unite Group plc’s overall stock score is driven by strong financial performance and positive corporate events, indicating confidence in its strategic direction. However, technical analysis suggests a bearish trend, which tempers the overall score. The attractive valuation with a low P/E ratio and high dividend yield provides a solid investment case, despite the current market momentum challenges.
To see Spark’s full report on GB:UTG stock, click here.
More about Unite Group plc
The Unite Group plc is a UK-listed owner, manager and developer of purpose-built student accommodation, focused on the higher education sector and operating primarily through large, centrally located properties in university cities across the United Kingdom.
Average Trading Volume: 2,286,054
Technical Sentiment Signal: Sell
Current Market Cap: £2.78B
Find detailed analytics on UTG stock on TipRanks’ Stock Analysis page.