Shares of UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Rating) have earned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.90.
A number of equities analysts have recently weighed in on UPMMY shares. Morgan Stanley cut their price objective on shares of UPM-Kymmene Oyj from €41.00 ($41.84) to €40.00 ($40.82) and set an “equal weight” rating for the company in a research report on Friday, July 22nd. Jefferies Financial Group raised shares of UPM-Kymmene Oyj from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Danske lowered shares of UPM-Kymmene Oyj from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, Credit Suisse Group dropped their price target on shares of UPM-Kymmene Oyj from €36.80 ($37.55) to €33.80 ($34.49) in a research report on Tuesday, July 19th.
UPM-Kymmene Oyj Price Performance
OTCMKTS:UPMMY opened at $32.38 on Tuesday. The firm has a 50 day simple moving average of $31.89 and a 200-day simple moving average of $33.19. UPM-Kymmene Oyj has a 1-year low of $27.85 and a 1-year high of $41.77.
UPM-Kymmene Oyj Company Profile
UPM-Kymmene Oyj engages in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for the petrochemical industry.
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