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Unite Group plc ( (GB:UTG) ) has provided an announcement.
Unite Group plc has continued executing its previously announced share buyback programme, repurchasing 153,379 ordinary shares on 29 January 2026 at a volume-weighted average price of 574.68 pence per share through Deutsche Bank’s London branch. The shares bought back will be cancelled, reducing the company’s total shares in issue to 544,338,206, and bringing the total number of shares repurchased for cancellation since the start of the programme on 9 January 2026 to 2,253,061, a move that is expected to enhance capital efficiency and may support earnings per share and ownership concentration for remaining shareholders.
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-listed company that operates in the purpose-built student accommodation sector, providing housing and related services for university students across the United Kingdom. The company focuses on managing and developing student residences in key university cities, serving both domestic and international students through its Unite Students brand.
Average Trading Volume: 2,358,535
Technical Sentiment Signal: Sell
Current Market Cap: £2.81B
Learn more about UTG stock on TipRanks’ Stock Analysis page.