Unite Group Cancels Further Shares Under Ongoing Buyback Programme

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

Unite Group plc has continued executing its previously announced share buyback programme, repurchasing 150,000 ordinary shares on 19 January 2026 at prices between 578p and 584p per share, with a volume-weighted average price of about 580.43p. The repurchased shares will be cancelled, reducing the company’s total shares in issue to 489,018,162 and slightly increasing existing shareholders’ proportional ownership; since the start of the programme on 9 January, Unite has bought back a total of 1,025,409 shares, underlining its ongoing capital management and distribution strategy within the UK student accommodation sector.

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 owning, managing and developing purpose-built student accommodation across major university cities, providing housing and related services to higher education students.

Average Trading Volume: 2,314,891

Technical Sentiment Signal: Sell

Current Market Cap: £2.85B

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