National Bank Financial Increases UBS AG Price Target to $44.00 (UBS)
Equities researchers at National Bank Financial raised their target price on shares of UBS AG (NYSE:UBS) from $40.00 to $44.00 in a research report issued on Monday, StockRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 105.90% from the company’s current price.
Shares of UBS AG (NYSE:UBS) traded up 0.66% during mid-day trading on Monday, hitting $21.37. The stock had a trading volume of 2,067,577 shares. UBS AG has a one year low of $11.01 and a one year high of $20.91. The stock has a 50-day moving average of $20.16 and a 200-day moving average of $17.77. The company’s market cap is $80.517 billion.
UBS AG (NYSE:UBS) last announced its earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.14. The company had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the company posted $0.11 earnings per share. UBS AG’s revenue was up 15.3% compared to the same quarter last year.
A number of other analysts have also recently weighed in on UBS. Analysts at Zacks upgraded shares of UBS AG from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 19th. They now have a $22.50 price target on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of UBS AG from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. UBS AG currently has an average rating of “Hold” and an average target price of $30.96.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.
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