Analysts Set UBS Group AG (NYSE:UBS) Target Price at $60.30

Shares of UBS Group AG (NYSE:UBS) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.30.

A number of brokerages have recently commented on UBS. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Wall Street Zen lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research note on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th.

Key UBS Group News

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: Debt tender offers expanded to $4 billion: UBS doubled the maximum size of its offers to repurchase certain outstanding debt securities. The move signals active balance-sheet and funding management and could reduce future interest expense, although it also uses capital. UBS Announces Upsizing of its Maximum Purchase Tender Offers for Debt Securities
• Positive Sentiment: Credit Suisse integration nearing completion: CEO Sergio Ermotti said UBS remains focused on executing the “last mile” of the integration. Continued progress could help control costs, reduce operational uncertainty and capture merger synergies. Staying focused on executing the last mile of UBS-Credit Suisse Integration
• Neutral Sentiment: UBS remains constructive on European equities: Strategists described European stocks as high-quality and under-owned, potentially supporting client activity and UBS’s wealth-management franchise. However, the recommendation has limited direct impact on UBS’s earnings in the near term. Why UBS is telling investors to buy European stocks
• Neutral Sentiment: Investment-banking mandates provide modest revenue potential: UBS Investment Bank is serving as a lead manager for Orion180’s proposed IPO and is hosting the UBS Taiwan Summit, where ChipMOS will brief institutional investors. These activities reinforce UBS’s advisory and distribution franchises, but neither appears large enough to materially change the near-term outlook. Orion180 Insurance Group IPO roadshow
• Negative Sentiment: CEO flags investor complacency: Ermotti warned that investors may be underestimating rising geopolitical and economic risks. The comments could weigh on sentiment toward UBS because market volatility, weaker growth or risk-asset declines may reduce investment-banking and wealth-management activity. UBS CEO warns of investor complacency

Institutional Trading of UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in UBS Group in the first quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of UBS Group during the 2nd quarter valued at $25,000. MidFirst Bank bought a new stake in shares of UBS Group during the 4th quarter worth $30,000. Robinswood Financial LLC bought a new stake in shares of UBS Group during the 1st quarter worth $31,000. Finally, Navalign LLC acquired a new position in shares of UBS Group in the 4th quarter worth $32,000.

UBS Group Stock Performance

UBS opened at $53.95 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84. The business’s 50 day moving average is $53.35 and its 200-day moving average is $47.10. The stock has a market cap of $168.55 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. UBS Group has a twelve month low of $36.29 and a twelve month high of $55.99.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same period last year, the company earned $0.72 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that UBS Group will post 3.62 earnings per share for the current year.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving individuals, businesses, institutional investors and governments. Its principal businesses include wealth management, personal and corporate banking, asset management and investment banking.

Through its Global Wealth Management business, UBS provides investment advice, portfolio management, financial planning, lending and other services to private and institutional clients. Its Personal and Corporate Banking operations offer deposit, lending, payment and other banking services, primarily in Switzerland.