UBS AG Downgraded to Neutral at Credit Suisse (UBS)
UBS AG (NYSE:UBS) was downgraded by equities research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $44.00 target price on the stock, up from their previous target price of $40.00. Credit Suisse’s price objective would suggest a potential upside of 124.60% from the stock’s previous close.
UBS has been the subject of a number of other recent research reports. Analysts at Societe Generale initiated coverage on shares of UBS AG in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of UBS AG in a research note to investors on Monday, December 16th. They now have a $19.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of UBS AG from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 27th. They now have a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.67.
Shares of UBS AG (NYSE:UBS) traded up 2.09% during mid-day trading on Wednesday, hitting $20.00. The stock had a trading volume of 1,699,076 shares. UBS AG has a 1-year low of $15.08 and a 1-year high of $21.61. The stock’s 50-day moving average is $18.67 and its 200-day moving average is $19.38. The company has a market cap of $75.351 billion and a price-to-earnings ratio of 215.27.
UBS AG (NYSE:UBS) last announced its earnings results on Tuesday, October 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $29.00 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter last year, the company posted ($0.58) earnings per share. UBS AG’s revenue was down 2.2% compared to the same quarter last year.
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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