UBS Group (NYSE:UBS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $22.00 target price on the bank’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.30% from the company’s current price.

According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Though, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework, effective cost reduction initiatives will likely support its bottom line growth.”

Several other equities research analysts also recently weighed in on UBS. Instinet downgraded UBS Group from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Societe Generale reissued a “hold” rating on shares of UBS Group in a report on Monday, October 30th. TheStreet raised UBS Group from a “d” rating to a “c” rating in a report on Monday, November 27th. Finally, Bank of America raised UBS Group from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of UBS Group (NYSE UBS) traded up $0.29 during midday trading on Monday, hitting $19.59. The company had a trading volume of 3,399,300 shares, compared to its average volume of 2,263,822. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS Group has a 52-week low of $15.10 and a 52-week high of $19.61. The firm has a market capitalization of $75,200.00, a P/E ratio of 17.97, a PEG ratio of 0.81 and a beta of 1.24.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.26 earnings per share for the quarter. UBS Group had a return on equity of 8.01% and a net margin of 11.28%. research analysts expect that UBS Group will post 0.64 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc acquired a new stake in UBS Group in the second quarter valued at $118,000. Oppenheimer & Co. Inc. acquired a new stake in UBS Group in the second quarter valued at $173,000. Northwestern Mutual Wealth Management Co. lifted its holdings in UBS Group by 36.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after acquiring an additional 2,809 shares during the period. River Road Asset Management LLC acquired a new stake in UBS Group in the third quarter valued at $225,000. Finally, HighTower Advisors LLC lifted its holdings in UBS Group by 4.9% in the second quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock valued at $244,000 after acquiring an additional 673 shares during the period. 33.94% of the stock is owned by institutional investors.

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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.

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