UBS (UBS) Shares Gap Up to $17.04

Shares of UBS AG (NYSE:UBS) gapped up before the market opened on Friday . The stock had previously closed at $16.68, but opened at $17.04. UBS shares last traded at $17.48, with a volume of 3498929 shares trading hands.

Several analysts have commented on the company. TheStreet upgraded UBS from a “d” rating to a “c” rating in a research note on Monday, November 27th. ValuEngine cut UBS from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised UBS from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, September 18th. Instinet cut UBS from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Finally, Societe Generale reissued a “hold” rating on shares of UBS in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. UBS currently has a consensus rating of “Hold” and an average target price of $19.00.

The stock has a market cap of $67,500.00, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BBR Partners LLC lifted its holdings in shares of UBS by 0.3% during the 2nd quarter. BBR Partners LLC now owns 62,426 shares of the bank’s stock valued at $1,060,000 after buying an additional 181 shares during the period. Pinnacle Associates Ltd. raised its holdings in UBS by 1.2% in the 2nd quarter. Pinnacle Associates Ltd. now owns 16,090 shares of the bank’s stock worth $273,000 after purchasing an additional 192 shares during the period. Hartland & Co. LLC raised its holdings in UBS by 0.9% in the 2nd quarter. Hartland & Co. LLC now owns 30,264 shares of the bank’s stock worth $514,000 after purchasing an additional 264 shares during the period. ETRADE Capital Management LLC raised its holdings in UBS by 0.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 109,687 shares of the bank’s stock worth $1,862,000 after purchasing an additional 372 shares during the period. Finally, HighTower Advisors LLC raised its holdings in UBS by 4.9% in the 2nd quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock worth $244,000 after purchasing an additional 673 shares during the period. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This piece was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/12/08/ubs-ubs-shares-gap-up-to-17-04.html.

UBS Company Profile

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.

Receive News & Ratings for UBS AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS AG and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply