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

Shares of UNITE Group PLC (OTCMKTS:UTGPF – Get Free Report) have received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat 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 given a strong buy recommendation to the company.

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

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UNITE Group Price Performance

OTCMKTS:UTGPF opened at $6.69 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. UNITE Group has a one year low of $6.08 and a one year high of $11.90. The business has a fifty day moving average price of $6.45 and a 200-day moving average price of $6.36.

UNITE Group Company Profile

(Get Free Report)

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.

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