UNITE Group PLC (OTCMKTS:UTGPF) Stock Rated “Hold” by Sell-Side Brokerages

Shares of UNITE Group PLC (OTCMKTS:UTGPF) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently issued reports on UTGPF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Oddo Bhf cut UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Barclays downgraded UNITE Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Finally, Citigroup lowered UNITE Group from an “overweight” rating to a “hold” rating in a research note on Monday, August 3rd.

UNITE Group Price Performance

UTGPF stock opened at $5.60 on Friday. The firm has a 50-day moving average of $6.28 and a 200 day moving average of $6.32. UNITE Group has a 1 year low of $5.60 and a 1 year high of $6.69.

UNITE Group Company Profile

UNITE Group plc is a United Kingdom-based owner, developer and manager of purpose-built student accommodation. Through its Unite Students platform, the company provides furnished housing, shared facilities and support services for university students.

The company’s activities include acquiring and developing student residences, operating accommodation under management agreements with universities, and leasing rooms directly to students. Its properties are located in major university cities and towns across the United Kingdom.

Founded in 1991, UNITE Group expanded its national student-housing portfolio through organic development and acquisitions, including the purchase of Liberty Living in 2019.