Ube Industries (UBEOY) Upgraded at Zacks Investment Research

Ube Industries (OTCMKTS:UBEOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm currently has a $19.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 28.47% from the company’s current price.

According to Zacks, “Ube Industries, Ltd. produces and sells chemical product which consists of nylon resins, plastics and synthetic rubbers, fine chemicals and pharmaceutical bulk compounds and intermediates. Ube Industries, Ltd. is based in Ube, Japan. “

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Shares of OTCMKTS UBEOY opened at $14.79 on Friday. The company has a market cap of $3,559.82, a P/E ratio of 13.69 and a beta of 1.40. Ube Industries has a 52-week low of $14.70 and a 52-week high of $15.77.

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