UBS Group AG (UBS) Receives Average Recommendation of “Buy” from Brokerages

UBS Group AG (NYSE:UBS) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts recently weighed in on UBS shares. Zacks Investment Research upgraded shares of UBS Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Saturday. Societe Generale restated a “hold” rating on shares of UBS Group in a research report on Monday, October 30th. TheStreet upgraded shares of UBS Group from a “d” rating to a “c” rating in a research report on Monday, November 27th. Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Instinet cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st.

Shares of UBS Group (NYSE UBS) traded up $0.05 on Tuesday, reaching $18.93. 1,842,011 shares of the company traded hands, compared to its average volume of 2,063,000. UBS Group has a 12 month low of $15.10 and a 12 month high of $19.02. The company has a market capitalization of $73,250.00, a PE ratio of 17.53, a PEG ratio of 0.82 and a beta of 1.24. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of UBS Group by 5.7% in the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after purchasing an additional 4,634,833 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of UBS Group by 2.8% in the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after purchasing an additional 1,136,180 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of UBS Group by 3.3% in the third quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock worth $356,125,000 after purchasing an additional 668,175 shares during the last quarter. State Street Corp grew its holdings in shares of UBS Group by 0.3% in the second quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock worth $263,411,000 after purchasing an additional 50,948 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of UBS Group by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock worth $174,745,000 after purchasing an additional 290,696 shares during the last quarter. Institutional investors and hedge funds own 33.95% of the company’s stock.

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About UBS Group

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.

Analyst Recommendations for UBS Group (NYSE:UBS)

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