United Overseas Bank (OTCMKTS:UOVEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $44.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.47% from the company’s current price.

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 (OTCMKTS UOVEY) opened at $39.12 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $31,806.03, a price-to-earnings ratio of 4.21, a P/E/G ratio of 4.34 and a beta of 1.26. United Overseas Bank has a twelve month low of $27.60 and a twelve month high of $39.61.

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United Overseas Bank Company Profile

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.

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