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Unite Group Cancels Further Shares After Continuing Buyback Programme

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Unite Group Cancels Further Shares After Continuing Buyback Programme

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

Unite Group plc has repurchased 150,000 of its 25 pence ordinary shares on 23 January 2026 under its ongoing share buyback programme, at prices between 569.0p and 577.5p per share and a volume-weighted average price of 572.87p. The shares bought back will be cancelled, reducing the company’s share count to 488,408,162 ordinary shares in issue and potentially enhancing earnings per share for remaining investors; since the buyback’s launch on 9 January 2026, Unite has acquired a total of 1,635,409 shares for cancellation, signalling continued active capital management and providing updated reference data for shareholders’ disclosure obligations under FCA rules.

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

The Unite Group plc, which trades as Unite Students, is a UK-listed company focused on providing purpose-built student accommodation. Its portfolio of properties is admitted to trading on the Main Market of the London Stock Exchange, and its shares are widely held by institutional and retail investors who monitor changes in the company’s capital structure and voting rights.

Average Trading Volume: 2,266,018

Technical Sentiment Signal: Sell

Current Market Cap: £2.79B

Learn more about UTG stock on TipRanks’ Stock Analysis page.

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