UBS AG (UBS) Shares Up 2.3%
UBS AG (NYSE:UBS) shares shot up 2.3% during mid-day trading on Wednesday . The stock traded as high as $14.25 and last traded at $14.16, with a volume of 1,541,711 shares. The stock had previously closed at $13.84.
Several research firms have recently issued reports on UBS. Sanford C. Bernstein began coverage on UBS AG in a research report on Monday, July 11th. They issued an “underperform” rating on the stock. Macquarie lowered UBS AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 5th. Keefe, Bruyette & Woods restated a “buy” rating on shares of UBS AG in a research report on Tuesday, June 28th. Royal Bank Of Canada lowered UBS AG from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. lowered UBS AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. 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 company has a consensus rating of “Hold” and an average target price of $19.05.
The stock has a market cap of $52.35 billion and a P/E ratio of 11.061. The company’s 50 day moving average price is $13.29 and its 200 day moving average price is $14.89.
A hedge fund recently raised its stake in UBS AG stock. RS Investment Management Co. LLC raised its stake in shares of 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.