UBS AG (NYSE:UBS) has been upgraded from Hold to Buy in a statement by Societe Generale earlier today.
- Updated: January 11, 2017
Societe Generale has upgraded UBS AG (NYSE:UBS) from Hold to Buy in a statement released on 1/11/2017.
Boasting a price of $16.47, UBS AG (NYSE:UBS) traded 1.82% higher on the day. With the last stock price close up 16.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the same time period. The company has recorded a 50-day moving average of $16.19 and a 200-day moving average of $14.39. 2,536,814 shares of the stock traded hands, up from an average trading volume of 2,313,910
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UBS AG has a 52 week low of $11.93 and a 52 week high of $17.75 with a P/E ratio of 18.53 The company’s market cap is currently $0.
In addition to Societe Generale reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $12.09 with 0 firms rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On UBS AG (NYSE:UBS)
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Its Corporate Center comprises Services, Group Asset and Liability Management (Group ALM) and Non-core and Legacy Portfolio. Services includes the Company's control functions, such as finance, risk control (including compliance) and legal. In addition, it provides all logistics and support services, including operations, information technology, human resources, regulatory relations and strategic initiatives, communications and branding, corporate services, physical security, information security, as well as outsourcing, nearshoring and offshoring.
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