UBS Group AG (NYSE:UBS) Stock Has Average Price Target of $60.30

UBS Group AG (NYSE:UBS) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $60.30.

Several research firms have recently issued reports on UBS. Wall Street Zen cut UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Wednesday, September 2nd. DZ Bank restated a “buy” rating on shares of UBS Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Monday, June 29th.

UBS Group Trading Up 0.2%

Shares of UBS opened at $46.46 on Friday. UBS Group has a twelve month low of $36.29 and a twelve month high of $55.99. The firm’s fifty day simple moving average is $50.84 and its 200-day simple moving average is $47.12. The firm has a market capitalization of $145.13 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 0.70 and a beta of 1.21.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%. The firm had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.40 billion. During the same period last year, the firm posted $0.72 earnings per share. UBS Group’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts predict that UBS Group will post 3.59 earnings per share for the current fiscal year.

Institutional Trading of UBS Group

Several institutional investors have recently modified their holdings of UBS. Whipplewood Advisors LLC purchased a new position in shares of UBS Group in the 1st quarter valued at $25,000. Coppell Advisory Solutions LLC acquired a new stake in UBS Group during the 2nd quarter worth $25,000. Robinswood Financial LLC purchased a new stake in UBS Group in the first quarter valued at $31,000. First Bancorp Inc ME purchased a new stake in UBS Group in the second quarter valued at $32,000. Finally, West Financial Advisors LLC acquired a new position in UBS Group in the third quarter valued at $39,000.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.