Universal Music Group (OTC:UMGNF) Price Target Raised to €25.50 at Credit Suisse Group

Universal Music Group (OTC:UMGNF – Get Rating) had its target price increased by Credit Suisse Group to €25.50 ($27.72) in a research note published on Monday morning, The Fly reports.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. upped their target price on Universal Music Group from €29.00 ($31.52) to €29.20 ($31.74) and gave the company an overweight rating in a report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Universal Music Group from €29.00 ($31.52) to €25.00 ($27.17) and set a buy rating for the company in a report on Tuesday, October 25th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $25.74.

Universal Music Group Price Performance

Shares of Universal Music Group stock opened at $25.32 on Monday. Universal Music Group has a 52 week low of $16.35 and a 52 week high of $27.51. The business has a 50 day moving average price of $23.90 and a 200-day moving average price of $21.42.

Universal Music Group Company Profile

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Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations.