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A statement released earlier today by Zacks Investment Research about United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) bumps the target price to $31.00

Boasting a price of $27.94, United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) traded -1.88% lower on the day. With the last stock price up 0.79% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. United Overseas Bank Ltd (ADR) has recorded a 50-day average of $26.84 and a two hundred day average of $27.17. Volume of trade was up over the average, with 105,785 shares of UOVEY changing hands over the typical 58,511

Zacks Investment Research raised the target price of United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) to $31.00 indicating a possible upside of 0.11%.

Performance Chart

United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY)

With a total market value of $0, United Overseas Bank Ltd (ADR) has price-earnings ratio of 9.66 with a one year low of $23.41 and a one year high of $29.89 .

General Information About United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY)

United Overseas Bank Limited is a bank in Asia. The Company provides a range of financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB) and Global Markets and Investment Management (GMIM), and Others. The GR segment covers Consumer, Privilege, Business and Private Banking. Its GWB segment encompasses commercial banking, corporate banking, financial institutions client segments, as well as Transaction Banking, Structured Trade Commodities Finance, Investment Banking and Specialized Asset Finance. Its GMIM segment provides a range of global markets products and services, including foreign exchange, money market, fixed income, derivatives, margin trading, futures broking, precious metals products, as well as an array of structured products. Its Others segment include property-related activities, insurance businesses and income and expenses. The Company has a global network of approximately 500 branches and offices.

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