UBS Group AG (UBS) On The Radar Of Prospective Investors

UBS Group AG (NYSE:UBS) has been upgraded by Societe Generale, which now rates the stock as Buy versus Hold prior rating, according to a note issued on July 25. Analysts at UBS, maintained the company shares at Buy on January 23 but switched target price from $250 to $290. The stock won favor of Credit Suisse analysts who expressed their confidence in it using an upgrade from Neutral to Outperform on January 18. Barclays, released new analyst coverage on January 16, calling the stock is Underweight.

UBS stock rose 0.24% in recent trade and currently has a stock-market value of $47.87B. The shares finished at $12.28, after trading as low as $12.26 earlier in the session. It hit an intraday high Thursday at $12.35. Trading activity significantly weakened as the volume at ready counter decreased to 1,757,139 shares versus 3,000,945 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,797,744 shares. The stock is now 5.86% above against its bear-market low of $11.6 on December 26, 2018. It has retreated -51.14% since it’s 52-week high of $18.56 reached in March. Now the market price is down -32.64% on the year and down -0.81% YTD.

Wall Street’s most bullish UBS Group AG (NYSE:UBS) analysts are predicting the share price to blow past $19.01 per share during the next 12 months. The current median share price forecast by them is $15.85, suggesting that the stock could increase 29.07% in that time frame. The average price target of $15.87 calls for a nearly 29.23% increase in the stock price.

UBS Group AG (UBS)’s 50 day simple moving average (SMA 50) price is $12.78 and its 200-day simple moving average (SMA 200) price is $14.27. The company’s stock currently has a total float of 3.82B shares. Its weekly volatility is hovering around 0.91% and felt 1.13% volatility in price over a month. On the upside, the share price will test short term resistance at around $12.33. On a downside, the stock is likely to find some support, which begins at $12.24. The failure to get near-term support could push it to $12.21.

When looking at valuations, UBS Group AG (UBS) has a cheap P/E of 9.71x as compared to industry average of 87.2x. Moreover, it trades for 8.24 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.88x price/book and 2.81x price/sales.

Shares of UBS have dropped -10% since the company’s most recent earnings report. UBS last reported earnings that receded expectations. The company raked in $0.19 per share, -99.04% change on the same period last year. That was worse than consensus for $0.23. Revenue for the recent quarter stood at $6.82 billion, down -4% on last year and below the $6.89 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $28.54 billion to $31.36 billion, which should be compared with $31.61 billion generated last year. EPS is seen in a range of $0.77 to $7.5, against the $11.65 reported a year ago.