Jefferies Remains a Buy on Umicore SA (0RUY)
In a report released today, Chris Counihan from Jefferies maintained a Buy rating on Umicore SA, with a price target of €20.00. The company’s shares closed yesterday at €17.17.
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Counihan covers the Basic Materials sector, focusing on stocks such as BASF SE, Evonik, and LANXESS. According to TipRanks, Counihan has an average return of -2.0% and a 50.94% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Umicore SA with a €16.17 average price target, a -5.82% downside from current levels. In a report released on October 9, Goldman Sachs also maintained a Buy rating on the stock with a €21.00 price target.
Based on Umicore SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €4.35 billion and a net profit of €68.35 million. In comparison, last year the company earned a revenue of €7.45 billion and had a GAAP net loss of €1.47 billion
