UNITE Group (OTCMKTS:UTGPF) Sets New 12-Month Low – Here’s What Happened

UNITE Group PLC (OTCMKTS:UTGPF) shares reached a new 52-week low during trading on Thursday. The company traded as low as $5.60 and last traded at $5.60, with a volume of 8,435 shares changing hands. The stock had previously closed at $5.93.

Analyst Ratings Changes

UTGPF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UNITE Group in a research report on Thursday, July 9th. Citigroup downgraded UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Barclays downgraded UNITE Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, Oddo Bhf lowered shares of UNITE Group to a “neutral” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, UNITE Group currently has a consensus rating of “Hold”.

UNITE Group Stock Performance

The company’s 50 day moving average is $6.37 and its 200 day moving average is $6.34.

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.