UNITE Group PLC (OTCMKTS:UTGPF) Stock Rated “Hold” by Wall Street Analysts

UNITE Group PLC (OTCMKTS:UTGPF) has received a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

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

UNITE Group Stock Performance

Shares of UTGPF stock opened at $5.60 on Friday. The firm’s 50 day moving average is $6.34 and its 200 day moving average is $6.33. UNITE Group has a 12 month low of $5.60 and a 12 month high of $6.69.

UNITE Group Company Profile

UNITE Group plc, operating as Unite Students, is a United Kingdom-based company specializing in student accommodation. It develops, owns and manages purpose-built student housing, providing furnished rooms, shared facilities and support services for university students.

The company serves students across major university cities in the United Kingdom. Its accommodation is offered through properties located near universities and transport links, with services covering the marketing, letting and day-to-day management of student residences.

Founded in Bristol in 1991, Unite Group has grown into one of the UK’s prominent providers of purpose-built student accommodation.