Shares of UBS AG (NYSE:UBS) have received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $15.09.
Several research analysts have recently issued reports on the stock. Barclays PLC upgraded shares of UBS AG from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $21.00 to $17.00 in a report on Thursday, June 9th. BNP Paribas restated a “sell” rating on shares of UBS AG in a report on Monday, September 12th. Zacks Investment Research raised shares of UBS AG from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. JPMorgan Chase & Co. cut shares of UBS AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Finally, Credit Suisse Group AG assumed coverage on shares of UBS AG in a research note on Monday, September 19th. They issued a “neutral” rating on the stock.
A number of institutional investors have recently added to or reduced their stakes in UBS. Glenmede Trust Co. NA raised its position 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 period. Virginia Retirement System bought a new position in shares of UBS AG during the first quarter worth about $8,989,000. Icon Advisers Inc. Co. bought a new position in shares of UBS AG during the first quarter worth about $628,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of UBS AG during the first quarter worth about $159,000. Finally, Prudential PLC raised 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 worth $125,204,000 after buying an additional 273,812 shares during the last quarter. Hedge funds and other institutional investors own 26.90% of the company’s stock.
UBS AG (NYSE:UBS) opened at 13.06 on Tuesday. The firm has a market cap of $48.41 billion, a price-to-earnings ratio of 10.27 and a beta of 1.32. The company’s 50 day moving average is $13.98 and its 200-day moving average is $14.64. UBS AG has a 1-year low of $11.93 and a 1-year high of $20.70.
UBS AG Company Profile
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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