Vetr Inc. Upgrades UBS AG (UBS) to Buy
UBS AG (NYSE:UBS) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a $14.27 price target on the stock. Vetr‘s target price would suggest a potential upside of 5.63% from the company’s current price.
UBS has been the topic of several other reports. Credit Suisse Group AG began coverage on UBS AG in a research note on Monday. They set a “neutral” rating on the stock. BNP Paribas reissued a “sell” rating on shares of UBS AG in a research note on Monday, September 12th. Barclays PLC reissued a “buy” rating on shares of UBS AG in a research note on Sunday, September 11th. Zacks Investment Research raised UBS AG from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Finally, Sanford C. Bernstein began coverage on UBS AG in a research note on Monday, July 11th. They set an “underperform” rating on the stock. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. UBS AG presently has a consensus rating of “Hold” and an average price target of $16.87.
UBS AG (NYSE:UBS) opened at 13.51 on Monday. UBS AG has a 1-year low of $11.93 and a 1-year high of $20.70. The stock has a market cap of $50.08 billion, a PE ratio of 10.60 and a beta of 1.32. The stock has a 50 day moving average price of $13.94 and a 200-day moving average price of $14.76.
Hedge funds and other institutional investors have recently made changes to their positions in the company. AMP Capital Investors Ltd boosted its position in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock valued at $44,542,000 after buying an additional 101,297 shares during the period. Raymond James Trust N.A. purchased a new position in shares of UBS AG during the first quarter valued at about $422,000. Blair William & Co. IL boosted its position in shares of UBS AG by 48.6% in the second quarter. Blair William & Co. IL now owns 79,764 shares of the company’s stock valued at $1,034,000 after buying an additional 26,080 shares during the period. Icon Advisers Inc. Co. purchased a new position in shares of UBS AG during the first quarter valued at about $628,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of UBS AG during the second quarter valued at about $293,000. 26.94% of the stock is currently owned by institutional investors.
About UBS AG
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.
To view Vetr’s full report, visit Vetr’s official website.
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