United Overseas Bank Ltd (UOVEY) Raised to Buy at Zacks Investment Research
United Overseas Bank Ltd (NASDAQ:UOVEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $31.00 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.95% from the company’s previous close.
According to Zacks, “UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China. UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts. “
Shares of United Overseas Bank (NASDAQ:UOVEY) opened at 27.94 on Wednesday. The company has a 50 day moving average of $26.76 and a 200 day moving average of $27.16. The firm has a market capitalization of $22.45 billion and a PE ratio of 9.89. United Overseas Bank has a 52-week low of $23.41 and a 52-week high of $29.89.
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United Overseas Bank Company Profile
United Overseas Bank Limited is a bank in Asia. The Company provides a range of financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB) and Global Markets and Investment Management (GMIM), and Others. The GR segment covers Consumer, Privilege, Business and Private Banking.
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