UBS Group (NYSE:UBS) Earns “Buy” Rating from Berenberg Bank

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Berenberg Bank reaffirmed their buy rating on shares of UBS Group (NYSE:UBS) in a report issued on Friday morning, AnalystRatings.com reports. Berenberg Bank currently has a $15.00 target price on the bank’s stock.

UBS has been the subject of several other research reports. Societe Generale lowered shares of UBS Group from a hold rating to a sell rating in a research note on Wednesday, July 24th. FIG Partners lowered shares of UBS Group from a buy rating to a hold rating in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered shares of UBS Group from a hold rating to a sell rating and set a $10.00 price objective for the company. in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $12.50.

UBS Group stock opened at $10.89 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.54. UBS Group has a 52-week low of $10.83 and a 52-week high of $16.68. The stock’s 50 day moving average price is $11.76. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $5.61 billion during the quarter. UBS Group had a net margin of 14.20% and a return on equity of 8.07%. Equities research analysts expect that UBS Group will post 1.24 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in shares of UBS Group by 56.3% in the 2nd quarter. Advisory Services Network LLC now owns 2,686 shares of the bank’s stock valued at $32,000 after acquiring an additional 968 shares in the last quarter. Covenant Multifamily Offices LLC bought a new stake in shares of UBS Group in the 1st quarter valued at $38,000. Enterprise Financial Services Corp increased its stake in shares of UBS Group by 33.1% in the 1st quarter. Enterprise Financial Services Corp now owns 4,088 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,016 shares in the last quarter. Citizens Financial Group Inc RI increased its stake in shares of UBS Group by 71.7% in the 1st quarter. Citizens Financial Group Inc RI now owns 4,101 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of UBS Group by 711.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 4,242 shares of the bank’s stock valued at $51,000 after acquiring an additional 3,719 shares in the last quarter. Institutional investors own 30.53% of the company’s stock.

UBS Group Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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Analyst Recommendations for UBS Group (NYSE:UBS)

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