UBS AG (UBS) Shares Gap Up to $13.49
UBS AG (NYSE:UBS)’s share price 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.
Several brokerages recently commented on UBS. Zacks Investment Research cut shares of UBS AG from a “hold” rating to a “strong sell” rating in a research note on Friday, May 13th. Societe Generale cut shares of UBS AG from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Barclays PLC raised shares of UBS AG from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $21.00 to $17.00 in a research note on Thursday, June 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of UBS AG in a research note on Tuesday, June 28th. Finally, Sanford C. Bernstein began coverage on shares of UBS AG in a research note on Monday, July 11th. They set an “underperform” rating for the company. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.05.
The firm has a market capitalization of $52.21 billion and a P/E ratio of 10.8012. The stock’s 50 day moving average price is $13.34 and its 200 day moving average price is $14.89.
An institutional investor recently raised its position in UBS AG stock. RS Investment Management Co. LLC boosted its position in UBS AG (NYSE:UBS) by 119.9% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 quarter.
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.