UBS AG (UBS) Trading Up 0.7%
UBS AG (NYSE:UBS) was up 0.7% during mid-day trading on Wednesday . The company traded as high as $14.55 and last traded at $14.38, with a volume of 1,312,693 shares changing hands. The stock had previously closed at $14.28.
Several research analysts have weighed in on UBS shares. Keefe, Bruyette & Woods lowered shares of UBS AG from an “outperform” rating to an “underperform” rating in a research note on Monday, May 16th. Societe Generale lowered 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 lowered their target price for the stock from $21.00 to $17.00 in a research note on Thursday, June 9th. Macquarie lowered shares of UBS AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered shares of UBS AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.05.
The firm’s 50 day moving average is $13.60 and its 200 day moving average is $14.87. The stock has a market cap of $53.89 billion and a PE ratio of 11.15.
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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