UBS AG (UBS) Shares Gap Up to $13.66
UBS AG (NYSE:UBS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.64, but opened at $13.66. UBS AG shares last traded at $13.72, with a volume of 916,228 shares changing hands.
A number of brokerages recently commented on UBS. Zacks Investment Research cut UBS AG from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Societe Generale cut UBS AG from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Barclays PLC upgraded UBS AG from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $21.00 to $17.00 in a report on Thursday, June 9th. Keefe, Bruyette & Woods restated a “buy” rating on shares of UBS AG in a report on Tuesday, June 28th. Finally, Sanford C. Bernstein started coverage on UBS AG in a research report on Monday, July 11th. They issued an “underperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.05.
The firm has a 50 day moving average of $13.29 and a 200 day moving average of $15.05. The firm has a market cap of $50.74 billion and a price-to-earnings ratio of 10.71.
A hedge fund recently raised its stake in UBS AG stock. RS Investment Management Co. LLC boosted its position in shares of UBS AG (NYSE:UBS) by 119.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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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