United Overseas Bank Ltd (NASDAQ:UOVEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $31.00 target price on the stock. Zacks Investment Research’s target price indicates a potential upside of 10.95% from the stock’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. “

United Overseas Bank (NASDAQ:UOVEY) opened at 27.94 on Wednesday. United Overseas Bank has a 52 week low of $23.41 and a 52 week high of $29.89. The company has a market capitalization of $22.45 billion and a PE ratio of 9.89. The stock has a 50 day moving average price of $26.76 and a 200-day moving average price of $27.16.

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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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