UOL Group (OTCMKTS:JCYGY) Upgraded by HSBC to “Buy”

HSBC upgraded shares of UOL Group (OTCMKTS:JCYGY) from a hold rating to a buy rating in a research note issued to investors on Monday, The Fly reports.

OTCMKTS:JCYGY traded down $1.73 during mid-day trading on Monday, reaching $27.23. 272 shares of the company’s stock were exchanged, compared to its average volume of 1,721. UOL Group has a one year low of $27.16 and a one year high of $45.77. The business’s fifty day moving average is $29.26.

About UOL Group

Jardine Cycle & Carriage Limited, an investment holding company, engages in automotive, financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally. It manufactures, assembles, distributes, and retails motor vehicles and motorcycles; retails used cars under the Republic Auto brand; distributes BYD electric forklifts; manufactures and distributes automotive components, as well as provides automotive rental, fleet management, and after-sales services; and offers motor vehicles and motorcycles consumer financing, heavy equipment financing, banking, and general and life insurance services.

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