United Overseas Bank Ltd (UOVEY) to Post FY2019 Earnings of $3.51 Per Share, Jefferies Group Forecasts

United Overseas Bank Ltd (OTCMKTS:UOVEY) – Equities research analysts at Jefferies Group issued their FY2019 earnings estimates for shares of United Overseas Bank in a note issued to investors on Monday. Jefferies Group analyst K. Guha expects that the company will post earnings of $3.51 per share for the year.

Separately, Zacks Investment Research raised United Overseas Bank from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday.

Shares of United Overseas Bank (OTCMKTS:UOVEY) traded down $0.16 during trading hours on Wednesday, hitting $38.09. The stock had a trading volume of 23,461 shares, compared to its average volume of 24,338. The company has a market capitalization of $31,994.13, a P/E ratio of 4.24, a P/E/G ratio of 4.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.10. United Overseas Bank has a 1 year low of $27.60 and a 1 year high of $39.61.

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About United Overseas Bank

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.

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