Goldman Sachs Keeps Their Buy Rating on UBS Group AG (UBS)

Goldman Sachs analyst Jernej Omahen maintained a Buy rating on UBS Group AG (UBSResearch Report) on March 31 and set a price target of CHF13.40. The company’s shares closed last Friday at $8.84.

Omahen noted:

“NEW YORK (dpa-AFX Analyser) – Die US-Investmentbank Goldman Sachs hat das Kursziel fur UBS von 15,20 auf 13,40 Franken gesenkt, aber die Einstufung auf “Buy” belassen. Den plotzlichen globalen Stillstand reflektierend, habe er seine uberschuss-Schatzungen fur europaische Banken um weitere 120 Milliarden Euro in der Zeit von 2020 bis 2023 gekurzt, schrieb Analyst Jernej Omahen in einer am Dienstag vorliegenden Branchenstudie. Liquiditat sei nun ein entscheidendes Kriterium, um eine Erholung auf Unternehmensseite zu unterstutzen. Im Bankensektor sollten sich Anleger auf grosse Institute mit breiter regionaler Aufstellung, hoher Profitabilitat und starker Kapitalisierung konzentrieren./ajx/jha/

Veroffentlichung der Original-Studie: 31.03.2020 / 02:54 / BST Erstmalige Weitergabe der Original-Studie: Datum in Studie nicht angegeben / Uhrzeit in Studie nicht angegeben / Zeitzone in Studie nicht angegeben

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According to TipRanks.com, Omahen is ranked #4765 out of 6213 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UBS Group AG with a $12.06 average price target, implying a 35.1% upside from current levels. In a report issued on March 24, Citigroup also maintained a Buy rating on the stock with a CHF9.80 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 $7.07 billion and net profit of $722 million. In comparison, last year the company earned revenue of $6.79 billion and had a net profit of $314 million.

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UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Wealth Management; Wealth Management Americas; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management. The Wealth Management Americas segment provides advice-based solutions through financial advisors. The Personal and Corporate segment offers financial products and services to private, corporate, and institutional clients in Switzerland. The Asset Management segment consists of investment management products and services; platform solutions and advisory support to institutions; wholesale intermediaries, and wealth management clients. The Investment Bank segment comprises investment advice, financial solutions, and capital markets access among corporate, institutional, and wealth management clients. The Corporate Center segment is involved in the services, group asset and liability management and non-core and legacy portfolio. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.