Brokerages Set UBS AG (NYSE:UBS) Price Target at $15.09
Shares of UBS AG (NYSE:UBS) have been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the stock. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.09.
Several analysts recently issued reports on UBS shares. Royal Bank Of Canada downgraded UBS AG from a “sector perform” rating to an “underperform” rating in a report on Tuesday, June 28th. Macquarie downgraded UBS AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 5th. JPMorgan Chase & Co. downgraded UBS AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Zacks Investment Research upgraded UBS AG from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Finally, Barclays PLC upgraded UBS AG from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $21.00 to $17.00 in a research note on Thursday, June 9th.
Several institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of UBS AG by 13.3% in the first quarter. Glenmede Trust Co. NA now owns 41,910 shares of the company’s stock valued at $671,000 after buying an additional 4,914 shares during the last quarter. Virginia Retirement System bought a new position in shares of UBS AG during the first quarter valued at approximately $8,989,000. Icon Advisers Inc. Co. bought a new position in shares of UBS AG during the first quarter valued at approximately $628,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of UBS AG during the first quarter valued at approximately $159,000. Finally, Prudential PLC boosted its position in shares of UBS AG by 3.6% in the first quarter. Prudential PLC now owns 7,815,491 shares of the company’s stock valued at $125,204,000 after buying an additional 273,812 shares during the last quarter. 26.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of UBS AG (NYSE:UBS) opened at 13.06 on Tuesday. The stock has a market capitalization of $48.41 billion, a P/E ratio of 10.27 and a beta of 1.32. UBS AG has a one year low of $11.93 and a one year high of $20.70. The firm’s 50-day moving average price is $13.98 and its 200-day moving average price is $14.64.
About UBS AG
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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