UBS AG (UBS) Shares Gap Up to $13.49
UBS AG (NYSE:UBS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.26, but opened at $13.49. UBS AG shares last traded at $13.87, with a volume of 1,527,154 shares trading hands.
A number of research firms have commented on UBS. Zacks Investment Research lowered UBS AG from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Societe Generale lowered UBS AG from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Barclays PLC raised UBS AG from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $21.00 to $17.00 in a report on Thursday, June 9th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of UBS AG in a report on Tuesday, June 28th. Finally, Sanford C. Bernstein began coverage on UBS AG in a report on Monday, July 11th. They issued an “underperform” rating for the company. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.05.
The company has a market cap of $51.30 billion and a P/E ratio of 10.84. The firm’s 50-day moving average is $13.29 and its 200-day moving average is $14.89.
A hedge fund recently raised its stake in UBS AG stock. RS Investment Management Co. LLC increased its position in UBS AG (NYSE:UBS) by 119.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,095 shares of the company’s stock after buying an additional 54,573 shares during the period. RS Investment Management Co. LLC’s holdings in UBS AG were worth $1,954,000 at the end of the most recent reporting period.
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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