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
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.
- Get a free copy of the StockNews.com research report on Universal Music Group (UMGNF)
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
- What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock?
- Analysts Like The Fit Of Skechers USA
- Can We Trust The Rally In The S&P 500
Receive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.