UBS AG (UBS) Trading 2.3% Higher
UBS AG (NYSE:UBS) shares traded up 2.3% on Wednesday . The company traded as high as $14.25 and last traded at $14.16, with a volume of 1,541,711 shares trading hands. The stock had previously closed at $13.84.
A number of research analysts have recently weighed in on the company. Morgan Stanley lowered UBS AG from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $13.79 to $15.91 in a report on Tuesday, May 3rd. Barclays PLC raised UBS AG from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $21.00 to $17.00 in a report on Thursday, June 9th. Zacks Investment Research lowered UBS AG from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Societe Generale lowered UBS AG from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Finally, Keefe, Bruyette & Woods lowered UBS AG from an “outperform” rating to an “underperform” rating in a report on Monday, May 16th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.05.
The stock has a market cap of $52.08 billion and a price-to-earnings ratio of 10.77. The firm’s 50-day moving average is $13.38 and its 200-day moving average is $14.88.
A hedge fund recently raised its stake in UBS AG stock. RS Investment Management Co. LLC raised its position in shares of UBS AG (NYSE:UBS) by 119.9% during the fourth quarter, according to its most recent filing with the SEC. 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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