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 note issued to investors on Friday. The brokerage currently has a $19.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 28.47% from the stock’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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Ube Industries (OTCMKTS:UBEOY) traded up $0.09 during trading on Friday, reaching $14.79. The company had a trading volume of 100 shares, compared to its average volume of 133. Ube Industries has a fifty-two week low of $14.70 and a fifty-two week high of $15.77. The stock has a market capitalization of $3,559.82, a P/E ratio of 11.16 and a beta of 1.40.

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