DZ Bank reissued their sell rating on shares of UBS Group (NYSE:UBS) in a research report report published on Wednesday, The Fly reports.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of UBS Group from a hold rating to a sell rating and set a $10.00 target price for the company. in a report on Monday, July 15th. Berenberg Bank restated a buy rating and issued a $15.00 price target on shares of UBS Group in a research report on Friday, August 2nd. Societe Generale downgraded UBS Group from a hold rating to a sell rating in a research report on Wednesday, July 24th. Finally, FIG Partners downgraded UBS Group from a buy rating to a hold rating in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. UBS Group presently has an average rating of Hold and an average target price of $12.50.
UBS stock opened at $10.48 on Wednesday. The firm has a fifty day moving average price of $11.34 and a 200 day moving average price of $12.07. UBS Group has a fifty-two week low of $10.12 and a fifty-two week high of $16.68. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $40.35 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in shares of UBS Group by 56.3% during the second quarter. Advisory Services Network LLC now owns 2,686 shares of the bank’s stock worth $32,000 after purchasing an additional 968 shares during the last quarter. Covenant Multifamily Offices LLC bought a new stake in shares of UBS Group during the first quarter worth $38,000. Enterprise Financial Services Corp lifted its position in shares of UBS Group by 33.1% during the first quarter. Enterprise Financial Services Corp now owns 4,088 shares of the bank’s stock worth $49,000 after purchasing an additional 1,016 shares during the last quarter. Citizens Financial Group Inc RI lifted its position in shares of UBS Group by 71.7% during the first quarter. Citizens Financial Group Inc RI now owns 4,101 shares of the bank’s stock worth $50,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of UBS Group by 22.0% during the first quarter. Parallel Advisors LLC now owns 5,093 shares of the bank’s stock worth $62,000 after purchasing an additional 919 shares during the last quarter. Institutional investors own 30.40% of the company’s stock.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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