UCB is a global biopharmaceutical company focused on severe diseases in two therapeutic areas, namely central nervous system disorders and immunology. In the area of central nervous system disorders, Co. is focused on advanced Parkinson's disease, epilepsy, restless legs syndrome and epilepsy. In the area of immunology disorders, Co. is focused on rheumatoid arthritis, axial spondyloarthritis, psoriatic arthritis, systemic lupus erythematosus, juvenile idiopathic arthritis, post-menopausal osteoporosis, systemic lupus erythematosus and immunological diseases.
  • TickerUCB
  • ISINBE0003739530
  • ExchangeEuronext Brussels
  • SectorPharmaceuticals & Biotechnology
  • CountryBelgium

Analysts

Jason Kalamboussis ...
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: BINCK NA, UCB BB

BinckBank: 1H results UCB: Cimzia approved for arthritis in China

UCB SA increases its risk exposure and slightly lowers to Neutral

UCB SA (BE), a company active in the Pharmaceuticals industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date July 12, 2019, the closing price was EUR 70.92 and its expected value was estimated at EUR 71.56.

Karen Andersen

Morningstar | UCB's Evenity for Osteoporosis Receives Negative Opinion From CHMP Over Safety Concerns

We don't anticipate any changes to our EUR 72 per share fair value estimate for no-moat UCB after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion regarding the potential approval of UCB and Amgen's Evenity (romosozumab) for the treatment of severe osteoporosis. This decision by the advisory body comes as somewhat of a surprise, given that Evenity was approved by the U.S. Food and Drug Administration in April 2019 in postmenopausal women at high risk for fracture, and the drug is approved in Canada and pa...

Karen Andersen

UCB's Evenity for Osteoporosis Receives Negative Opinion From CHMP Over Safety Concerns

We don't anticipate any changes to our EUR 72 per share fair value estimate for no-moat UCB after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion regarding the potential approval of UCB and Amgen's Evenity (romosozumab) for the treatment of severe osteoporosis. This decision by the advisory body comes as somewhat of a surprise, given that Evenity was approved by the U.S. Food and Drug Administration in Apri...

Jean-Jacques Le Fur

UCB: Evenity receives a negative opinion from CHMP | NEUTRAL | EUR69

UCB - NEUTRAL | EUR69 Evenity receives a negative opinion from CHMP Cardiovascular side-effects leading to a negative decision? UCB and Amgen will "appeal" the decision At this stage we do not change our forecast Neutral rating reiterated

Jason Kalamboussis ...
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: BINCK NA, UCB BB

BinckBank: 1H results UCB: Cimzia approved for arthritis in China

Karen Andersen

Morningstar | UCB's Evenity for Osteoporosis Receives Negative Opinion From CHMP Over Safety Concerns

We don't anticipate any changes to our EUR 72 per share fair value estimate for no-moat UCB after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion regarding the potential approval of UCB and Amgen's Evenity (romosozumab) for the treatment of severe osteoporosis. This decision by the advisory body comes as somewhat of a surprise, given that Evenity was approved by the U.S. Food and Drug Administration in April 2019 in postmenopausal women at high risk for fracture, and the drug is approved in Canada and pa...

Karen Andersen

UCB's Evenity for Osteoporosis Receives Negative Opinion From CHMP Over Safety Concerns

We don't anticipate any changes to our EUR 72 per share fair value estimate for no-moat UCB after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion regarding the potential approval of UCB and Amgen's Evenity (romosozumab) for the treatment of severe osteoporosis. This decision by the advisory body comes as somewhat of a surprise, given that Evenity was approved by the U.S. Food and Drug Administration in Apri...

Jean-Jacques Le Fur

UCB: Evenity receives a negative opinion from CHMP | NEUTRAL | EUR69

UCB - NEUTRAL | EUR69 Evenity receives a negative opinion from CHMP Cardiovascular side-effects leading to a negative decision? UCB and Amgen will "appeal" the decision At this stage we do not change our forecast Neutral rating reiterated

Bart Cuypers ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABN NA, AKZA NA, DIE BB, ELI BB, UCB BB

ABN Amro: Cost plans for 2Q? Annual CI&TO pilgrimage Akzo Nobel: Sells former paint factory D'Ieteren: Intends to carve-out distribution and retail activities Elia Group: Report on nuclear exit and resuming coverage UCB: Negative CHMP opinion on Evenity

1 director sold

A director at Ucb SA sold 5,000 shares at 75.000EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Christophe Chaput ...
  • Emira Sagaama
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/28/2019

...

Christophe Chaput ...
  • Emira Sagaama
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/02/2019

...

Christophe Chaput ...
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/09/2019

...

Christophe Chaput ...
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/01/2019

...

Ahmed Ben Salem ...
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Valentin Pernet
  • Veysel Taze
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/14/2018

...

UCB SA increases its risk exposure and slightly lowers to Neutral

UCB SA (BE), a company active in the Pharmaceuticals industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date July 12, 2019, the closing price was EUR 70.92 and its expected value was estimated at EUR 71.56.

Nurhayati Wan

UCB SA

Nurhayati Wan

UCB SA

Nurhayati Wan

UCB SA

Nurhayati Wan

UCB SA

ING
Hendrik Wiersma ...
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Benelux Credit Digest/Issuer Profiles

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg.

Rahul Shah CFA ...
  • S.M Galibur Rahman

Bangladesh (IDLC): Banks – Asset quality issues shroud the promising story; we prefer BRAC Bank

We are cautious on the sector. On the back of the recent increase in non-performing loans outstanding, the sector’s systematic risk remains high. However, lower valuation (sector median 0.8x PB) suggests that this systematic risk is mostly priced in. Fundamentally, we expect moderate top-line growth and improved profitability for our coverage names. We use a dividend discount model to derive our target prices.

Expert Corporate Governance Service (ECGS)

UCB _ AGM and EGM 25 April 2019

In general, UCB is in compliance with the Belgian regulations relating to the organization and procedures of the Annual General Meeting. ITEMS 1 to 9 concern the Annual General Meeting. ITEMS E.1, E.2 and E.3 concern the Extraordinary Meeting. In the Ordinary General Meeting, in ITEM 5, the board of directors seeks approval of the Company's remuneration report. Since ECGS does not approve of long term incentive plans that do not operate one or more challenging performance conditions, we recommend to OPPOSE. Three re-elections are proposed: Ms. Evelyn du Monceau (ITEM 8.1), Mr. Cyril Jansse...

UCB– Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 27/04/2017

In general, UCB is in compliance with the Belgian regulations relating to the organization and procedures of the Annual General Meeting.Under ITEM 5, the Board of Directors seeks approval for the Company's remuneration report. Since we do not approve of LT incentive plans that do not operate one or more challenging performance conditions, we recommend opposition.Under ITEM 8.2a, the Nomination Committee proposes to re-elect Mr. Albrecht de Graeve. As we have concerns over his aggregate time commitments, we recommend opposition.Finally, under ITEM 9.1, the Board of Directors seeks authority to ...

Jérôme VINERIER

Short term view - UCB : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €76.80. The break of €69.86 would endanger the trend.

Jérôme VINERIER

Analyse court terme - UCB : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 76,80 €. La rupture de 69,86 € mettrait la tendance en danger.

Jérôme VINERIER

Analyse court terme - UCB : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 69,86 €.

Jérôme VINERIER

Short term view - UCB : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €69.86.

Valérie GASTALDY

Analyse moyen terme - UCB : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 52,76 €.

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