Ube Industries (UBEOY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Ube Industries (OTCMKTS:UBEOY) from a hold rating to a buy rating in a report issued on Friday. The brokerage currently has $19.00 price target on the stock.

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. “

Ube Industries (OTCMKTS:UBEOY) opened at $14.79 on Friday. Ube Industries has a one year low of $14.70 and a one year high of $15.77. The company has a market capitalization of $3,559.82, a P/E ratio of 12.55 and a beta of 1.40.

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