UBS AG (UBS) Lifted to Sector Perform at Royal Bank Of Canada
UBS AG (NYSE:UBS) was upgraded by equities researchers at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts also recently weighed in on UBS. Barclays PLC reiterated a “buy” rating on shares of UBS AG in a research report on Sunday, September 11th. Credit Suisse Group AG assumed coverage on shares of UBS AG in a research report on Monday, September 19th. They issued a “neutral” rating for the company. Vetr upgraded shares of UBS AG from a “hold” rating to a “buy” rating and set a $14.27 price target for the company in a research report on Monday, September 19th. BNP Paribas reiterated a “sell” rating on shares of UBS AG in a research report on Monday, September 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of UBS AG in a research note on Tuesday, June 28th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.87.
UBS AG (NYSE:UBS) opened at 13.83 on Wednesday. UBS AG has a 12-month low of $11.93 and a 12-month high of $20.70. The firm’s 50-day moving average price is $13.97 and its 200 day moving average price is $14.55. The firm has a market cap of $51.26 billion, a P/E ratio of 10.78 and a beta of 1.32.
Several hedge funds have recently bought and sold shares of UBS. Glenmede Trust Co. NA boosted its stake in UBS AG by 13.3% in the first quarter. Glenmede Trust Co. NA now owns 41,910 shares of the company’s stock worth $671,000 after buying an additional 4,914 shares during the last quarter. BlackRock Institutional Trust Company N.A. acquired a new stake in shares of UBS AG during the first quarter valued at $159,000. Prudential PLC boosted its stake 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 in the last quarter. AMP Capital Investors Ltd boosted its stake in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock valued at $44,542,000 after buying an additional 101,297 shares in the last quarter. Finally, Lombard Odier Transatlantic Limited Partnership acquired a new stake in shares of UBS AG during the first quarter valued at $2,188,000. 26.90% of the stock is currently owned by hedge funds and other institutional investors.
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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