Umicore SA (OTCMKTS:UMICY) Receives Average Rating of “Hold” from Brokerages

Shares of Umicore SA (OTCMKTS:UMICYGet Rating) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.50.

UMICY has been the subject of several recent research reports. Citigroup lowered their price objective on Umicore from €46.00 ($46.94) to €42.00 ($42.86) and set a “buy” rating for the company in a research report on Tuesday. Barclays raised their price objective on Umicore from €32.00 ($32.65) to €34.00 ($34.69) and gave the company an “underweight” rating in a research report on Friday, April 22nd. Finally, Morgan Stanley lowered their price target on Umicore from €36.00 ($36.73) to €30.00 ($30.61) and set an “equal weight” rating for the company in a research report on Monday, July 18th.

Umicore Price Performance

Shares of Umicore stock opened at $9.01 on Friday. The business has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $9.84. Umicore has a 12 month low of $7.87 and a 12 month high of $17.71.

Umicore Company Profile

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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.

Further Reading

Analyst Recommendations for Umicore (OTCMKTS:UMICY)

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