Credit Suisse Believes UBS Group AG (NYSE: UBS) Still Has Room to Grow

Credit Suisse analyst Jon Peace maintained a Buy rating on UBS Group AG (UBSResearch Report) yesterday and set a price target of CHF17.00. The company’s shares closed last Wednesday at $15.47, close to its 52-week high of $16.31.

Peace has an average return of 11.0% when recommending UBS Group AG.

According to, Peace is ranked #1795 out of 7483 analysts.

Currently, the analyst consensus on UBS Group AG is a Moderate Buy with an average price target of $17.91, representing a 16.4% upside. In a report issued on April 15, Kepler Capital also maintained a Buy rating on the stock with a CHF18.00 price target.

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Based on UBS Group AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.17 billion and net profit of $1.64 billion. In comparison, last year the company earned revenue of $7.08 billion and had a net profit of $721 million.

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UBS Group AG is a multinational investment bank and financial services company based out of Switzerland. It provides Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Banking services to the private, institutional and corporate clients worldwide.