Ultrapar Participacoes SA Receives “Buy” Rating from Santander (UGP)
Ultrapar Participacoes SA (NYSE:UGP)‘s stock had its “buy” rating restated by stock analysts at Santander in a report issued on Monday. They currently have a $28.40 target price on the stock, down from their previous target price of $30.00. Santander’s price objective suggests a potential upside of 12.08% from the company’s current price.
Ultrapar Participacoes SA (NYSE:UGP) opened at 25.34 on Monday. Ultrapar Participacoes SA has a 52-week low of $20.84 and a 52-week high of $27.94. The stock has a 50-day moving average of $25.2 and a 200-day moving average of $23.79. The company has a market cap of $13.903 billion and a P/E ratio of 25.01.
Ultrapar Participacoes SA operates in three sectors: fuel distribution through Ultragaz and Ipiranga, chemicals through Oxiteno, and storage for liquid bulk through Ultracargo.
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