Barclays (LON:BARC) analyst Julien Roch maintained a Sell rating on Universal Music Group (AS:UMG) on Wednesday, setting a price target of EUR24, which is approximately 5.18% below the present share price of $29.35.
Roch expects Universal Music Group to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Universal Music Group, with an average price target of $31.13.
The analysts price targets range from a high of $35.95 to a low of $27.83.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of $0. The company's market cap is $53.22 billion.
According to TipRanks.com, Barclays analyst Julien Roch is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 54.74% success rate.
Universal Music Group NV is a music entertainment company. It is engaged in three main operating businesses: recorded music; music publishing; and merchandising. The company's recorded music business discovers and develops artists, supports the creation of audio and audiovisual content by artists, and markets, distributes, sells and licenses such content to consumers across a wide array of formats and platforms.