UBS AG (NYSE:UBS) has earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the firm. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.09.
UBS has been the topic of several recent analyst reports. Barclays PLC raised shares of UBS AG from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $21.00 to $17.00 in a report on Thursday, June 9th. BNP Paribas reaffirmed 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 report on Tuesday, August 30th. JPMorgan Chase & Co. cut shares of UBS AG from a “neutral” rating to an “underweight” rating in a report on Monday, June 27th. Finally, Credit Suisse Group AG initiated coverage on shares of UBS AG in a report on Monday, September 19th. They issued a “neutral” rating on the stock.
Shares of UBS AG (NYSE:UBS) opened at 13.62 on Tuesday. The stock has a market cap of $50.48 billion, a P/E ratio of 10.60 and a beta of 1.32. The stock has a 50 day moving average of $13.98 and a 200 day moving average of $14.62. UBS AG has a one year low of $11.93 and a one year high of $20.70.
Several institutional investors have recently added to or reduced their stakes in UBS. IFP Advisors Inc raised its position in UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock valued at $110,000 after buying an additional 2,598 shares in the last quarter. First Interstate Bank raised its position in UBS AG by 160.2% in the second quarter. First Interstate Bank now owns 9,250 shares of the company’s stock valued at $119,000 after buying an additional 5,695 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in UBS AG during the second quarter valued at approximately $134,000. Rehmann Capital Advisory Group purchased a new position in UBS AG during the second quarter valued at approximately $135,000. Finally, BTC Capital Management Inc. purchased a new position in UBS AG during the second quarter valued at approximately $137,000. Institutional investors and hedge funds own 26.90% of the company’s stock.
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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