UBS Reaffirms Their Sell Rating on Umicore SA (0RUY)
In a report released today, Geoff Haire from UBS maintained a Sell rating on Umicore SA, with a price target of €12.00. The company’s shares closed yesterday at €14.30.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Haire covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, BASF SE, and Covestro. According to TipRanks, Haire has an average return of -2.8% and a 47.77% success rate on recommended stocks.
Currently, the analyst consensus on Umicore SA is a Moderate Buy with an average price target of €14.85.
Based on Umicore SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €7.41 billion and a GAAP net loss of €7.88 million. In comparison, last year the company earned a revenue of €8.25 billion and had a net profit of €161.88 million
