In a report issued on May 15, Kian Abouhossein from J.P. Morgan maintained a Buy rating on UBS Group AG (UBS – Research Report), with a price target of CHF12.00. The company’s shares closed last Friday at $9.26.
According to TipRanks.com, Abouhossein ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.8% and a 38.1% success rate. Abouhossein covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Deutsche Bank AG, and UniCredit SpA.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UBS Group AG with a $12.22 average price target, implying a 31.5% upside from current levels. In a report issued on May 7, Citigroup also maintained a Buy rating on the stock with a CHF14.50 price target.
UBS Group AG’s market cap is currently $33.19B and has a P/E ratio of 7.30. The company has a Price to Book ratio of 0.65.
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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.