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

Shares of UNITE Group PLC (OTCMKTS:UTGPF) have received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One 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.

UTGPF has been the topic of a number of recent research reports. Oddo Bhf cut UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Citigroup lowered UNITE Group from an “overweight” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Barclays cut UNITE Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th.

UNITE Group Stock Performance

OTCMKTS UTGPF opened at $6.65 on Wednesday. UNITE Group has a 1 year low of $6.65 and a 1 year high of $6.69. The business’s fifty day moving average is $6.46 and its two-hundred day moving average is $6.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.27.

UNITE Group Company Profile

UNITE Group plc, operating as Unite Students, is a United Kingdom-based company that develops, owns and manages purpose-built student accommodation. Its properties are designed primarily for university students and typically include furnished bedrooms, shared living spaces, study areas, social facilities and on-site support services.

The company provides accommodation to students attending universities across major towns and cities in the UK. Its business combines property development and investment with the operation of student residences, and it works with university partners as well as directly with students through its booking and accommodation services.

UNITE Group was founded in 1991 and has grown into one of the prominent providers of purpose-built student accommodation in the UK.