Umicore (OTCMKTS:UMICY) Price Target Raised to €34.00

Umicore (OTCMKTS:UMICYGet Rating) had its price target lifted by equities researchers at Barclays from €32.00 ($34.41) to €34.00 ($36.56) in a report released on Friday, The Fly reports. The brokerage presently has an “underweight” rating on the stock.

Several other research firms have also weighed in on UMICY. Citigroup upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 23rd. JPMorgan Chase & Co. raised shares of Umicore from an “underweight” rating to a “neutral” rating in a research report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Umicore from €44.00 ($47.31) to €40.00 ($43.01) in a research report on Tuesday, February 22nd. Finally, Morgan Stanley reduced their price target on shares of Umicore from €45.00 ($48.39) to €36.00 ($38.71) in a research report on Wednesday, January 26th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to, the stock presently has an average rating of “Hold” and a consensus price target of $42.50.

Umicore stock traded down $0.44 during mid-day trading on Friday, hitting $10.05. 33,444 shares of the stock were exchanged, compared to its average volume of 111,081. Umicore has a 12 month low of $9.00 and a 12 month high of $17.71. The firm’s fifty day simple moving average is $10.31 and its two-hundred day simple moving average is $11.22.

Umicore Company Profile (Get Rating)

Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

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