Macquarie Reiterates “CHF 15” Price Target for UBS Group AG (UBSG)
UBS Group AG (VTX:UBSG) has been given a CHF 15 price target by stock analysts at Macquarie in a report released on Wednesday. The firm presently has a “sell” rating on the stock. Macquarie’s price target would suggest a potential downside of 10.71% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. Citigroup Inc. reissued a “buy” rating on shares of UBS Group AG in a research note on Friday, July 28th. BNP Paribas set a CHF 19.70 target price on shares of UBS Group AG and gave the company a “buy” rating in a research note on Thursday, August 31st. Morgan Stanley reissued a “buy” rating on shares of UBS Group AG in a research note on Tuesday, July 18th. J P Morgan Chase & Co set a CHF 19 target price on shares of UBS Group AG and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Deutsche Bank AG set a CHF 16.50 target price on shares of UBS Group AG and gave the company a “neutral” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of CHF 18.56.
UBS Group AG (VTX:UBSG) traded down CHF 0.07 during trading on Wednesday, reaching CHF 16.80. 11,200,000 shares of the company’s stock traded hands, compared to its average volume of 8,990,000. UBS Group AG has a 52-week low of CHF 15.11 and a 52-week high of CHF 17.73.
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.
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