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

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

A number of brokerages have weighed in on UTGPF. Oddo Bhf lowered shares of UNITE Group to a “neutral” rating in a research report on Tuesday, August 4th. Barclays downgraded shares of UNITE Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Finally, Citigroup cut UNITE Group from an “overweight” rating to a “hold” rating in a research note on Monday, August 3rd.

UNITE Group Stock Performance

UTGPF stock opened at $5.60 on Friday. The company has a 50 day simple moving average of $6.27 and a 200 day simple moving average of $6.31. UNITE Group has a 1 year low of $5.60 and a 1 year high of $6.69.

About UNITE Group

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.