UBS AG (UBS) Upgraded to Sector Perform by RBC Capital Markets
UBS AG (NYSE:UBS) was upgraded by analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other equities analysts have also recently issued reports on UBS. Barclays PLC upgraded UBS AG from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $21.00 to $17.00 in a research note on Thursday, June 9th. JPMorgan Chase & Co. cut UBS AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Royal Bank Of Canada cut UBS AG from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of UBS AG in a research note on Tuesday, June 28th. Finally, Macquarie cut UBS AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 5th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.87.
Shares of UBS AG (NYSE:UBS) opened at 13.83 on Wednesday. UBS AG has a 12 month low of $11.93 and a 12 month high of $20.70. The company has a 50-day moving average price of $13.97 and a 200-day moving average price of $14.55. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 10.78 and a beta of 1.32.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its position in 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. Blair William & Co. IL increased 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. Rehmann Capital Advisory Group bought a new position in shares of UBS AG during the second quarter valued at $135,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of UBS AG during the second quarter valued at $293,000. Finally, Checchi Capital Advisers LLC increased its position in shares of UBS AG by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 20,802 shares of the company’s stock valued at $270,000 after buying an additional 572 shares during the period. 26.90% of the stock is currently owned by institutional investors.
UBS AG Company Profile
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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