Unite Group Cancels 150,000 Shares in Ongoing Buyback Programme

Unite Group plc ( (GB:UTG) ) has provided an announcement.

Unite Group plc has continued to execute its previously announced share buyback programme, purchasing 150,000 ordinary shares on 16 January 2026 at a volume-weighted average price of 582.76 pence per share through Deutsche Bank’s London branch. The repurchased shares will be cancelled, reducing the company’s total shares in issue to 489,168,162 and marginally enhancing earnings per share and equity value for remaining investors; since the programme’s launch on 9 January 2026, Unite has bought back 875,409 shares in aggregate, signalling ongoing capital returns to shareholders and active balance sheet management.

The most recent analyst rating on (GB:UTG) stock is a Buy with a £647.00 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

Unite Group plc, which trades as Unite Students, is a UK-listed company focused on student accommodation, owning and managing purpose-built properties for university students across the country. Its shares are admitted to trading on the Main Market of the London Stock Exchange under the ISIN code GB0006928617.

Average Trading Volume: 2,347,310

Technical Sentiment Signal: Sell

Current Market Cap: £2.85B

For a thorough assessment of UTG stock, go to TipRanks’ Stock Analysis page.