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Unite Group Cancels Further Shares Under Ongoing Buyback Programme

Story Highlights
  • Unite Group repurchased 150,000 shares on 21 January under its current buyback programme.
  • All repurchased shares are being cancelled, reducing share count and lifting remaining holders’ stakes slightly.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Unite Group Cancels Further 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 previously announced share buyback programme, repurchasing 150,000 ordinary shares on 21 January 2026 at prices between 570p and 575p per share, with a volume-weighted average price of 572.77p. The shares bought back will be cancelled, reducing the total number of shares in issue to 488,708,162 and slightly increasing existing shareholders’ proportional ownership; since the programme began on 9 January 2026, Unite has acquired 1,335,409 shares for cancellation, signalling ongoing capital management and potentially improved capital efficiency for investors.

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, known as Unite Students, is a UK-based owner, manager and developer of purpose-built student accommodation, with its ordinary shares listed on the Main Market of the London Stock Exchange.

Average Trading Volume: 2,275,088

Technical Sentiment Signal: Sell

Current Market Cap: £2.8B

Find detailed analytics on UTG stock on TipRanks’ Stock Analysis page.

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