UGL Limited Earns Buy Rating from Deutsche Bank (UGL)
UGL Limited (ASX:UGL)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a $8.21 target price on the stock. The analysts noted that the move was a valuation call.
UGL Limited (ASX:UGL) traded down 0.92% during mid-day trading on Monday, hitting A$6.440. 627,203 shares of the company’s stock traded hands. UGL Limited has a 52-week low of A$5.990 and a 52-week high of A$8.440. The stock’s 50-day moving average is A$6.79 and its 200-day moving average is A$6.84. The company has a market cap of A$1.054 billion and a P/E ratio of 17.43.
Several other analysts have also recently commented on the stock. Analysts at Morningstar raised their price target on shares of UGL Limited from $7.00 to $7.50 in a research note on Thursday, July 3rd. They now have a “hold” rating on the stock.
UGL Limited is a diversified services company. The Company consists of three complementary businesses: UGL Engineering, UGL Operations & Maintenance and DTZ Property.