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Unite Group Cancels 160,000 Shares Under Ongoing Buyback Programme

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Unite Group Cancels 160,000 Shares Under Ongoing Buyback Programme

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

Unite Group plc has continued to execute its recently launched share buyback programme, purchasing 160,000 ordinary shares on 12 January 2026 at prices between 564.50p and 573.50p, with a volume-weighted average of 567.4865p per share. The shares, acquired via Deutsche Bank AG’s London branch, will be cancelled, reducing the total number of shares in issue to 489,768,162; since the programme began on 9 January, Unite has now bought back 275,409 shares in aggregate, a move that modestly enhances earnings per share and signals ongoing capital management discipline to investors.

The most recent analyst rating on (GB:UTG) stock is a Buy with a £700.00 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 is a UK-based owner, developer and manager of purpose-built student accommodation, operating under the Unite Students brand and focused on serving university students across key higher-education cities.

Average Trading Volume: 2,500,026

Technical Sentiment Signal: Sell

Current Market Cap: £2.81B

See more data about UTG stock on TipRanks’ Stock Analysis page.

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