17 hours ago
RBC Capital Sticks to Its Buy Rating for UBS Group AG (UBS)
RBC Capital analyst Anke Reingen maintained a Buy rating on UBS Group AG today and set a price target of CHF34.00. The company's shares closed yesterday at $39.65.
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Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and BNP Paribas. According to TipRanks, Reingen has an average return of 19.8% and a 71.81% success rate on recommended stocks.
In addition to RBC Capital, UBS Group AG also received a Buy from DZ BANK AG's Philipp Haessler in a report issued on August 1. However, on July 31, Morgan Stanley maintained a Sell rating on UBS Group AG (NYSE: UBS).
Based on UBS Group AG's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.32 billion and a net profit of $2.4 billion. In comparison, last year the company earned a revenue of $11.85 billion and had a net profit of $1.14 billion
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UBS in relation to earlier this year.
