Umicore SA (OTCMKTS:UMICY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Umicore SA (OTCMKTS:UMICY – Get Rating) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $37.00.

A number of equities analysts recently issued reports on the company. Citigroup reduced their target price on Umicore from €46.00 ($47.42) to €42.00 ($43.30) and set a “buy” rating for the company in a research note on Tuesday, July 26th. Morgan Stanley raised their target price on Umicore from €30.00 ($30.93) to €32.00 ($32.99) and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Barclays raised their target price on Umicore from €32.00 ($32.99) to €34.00 ($35.05) and gave the stock an “underweight” rating in a research note on Friday, April 22nd.

Umicore Stock Performance

Shares of UMICY stock opened at $9.21 on Friday. The business has a fifty day moving average of $9.23 and a 200 day moving average of $9.82. Umicore has a 1 year low of $7.87 and a 1 year high of $17.71.

Umicore Company Profile

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Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.