UNITE Group PLC (OTCMKTS:UTGPF – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $6.21 and traded as high as $6.2775. UNITE Group shares last traded at $6.2775, with a volume of 2,687 shares traded.
Wall Street Analysts Forecast Growth
UTGPF has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UNITE Group in a research note on Thursday, July 9th. Citigroup lowered UNITE Group from an “overweight” rating to a “hold” rating in a research note on Monday, August 3rd. Oddo Bhf cut UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Finally, Barclays lowered UNITE Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, UNITE Group has an average rating of “Hold”.
Read Our Latest Stock Analysis on UNITE Group
UNITE Group Price Performance
The firm’s 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $6.55.
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.
Further Reading
- Five stocks we like better than UNITE Group
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for UNITE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITE Group and related companies with MarketBeat.com's FREE daily email newsletter.
