RBC Capital Reaffirms Their Buy Rating on UBS Group AG (UBS)

RBC Capital analyst Anke Reingen maintained a Buy rating on UBS Group AG (UBSResearch Report) today and set a price target of CHF23.00. The company’s shares closed yesterday at $21.28.

According to TipRanks, Reingen is ranked #513 out of 8269 analysts.

Currently, the analyst consensus on UBS Group AG is a Moderate Buy with an average price target of $24.43, which is a 14.80% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a CHF23.00 price target.

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Based on UBS Group AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.95 billion and a net profit of $1.73 billion. In comparison, last year the company earned a revenue of $9.02 billion and had a net profit of $2.28 billion

Based on the recent corporate insider activity of 13 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.

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UBS Group AG is a multinational investment bank and financial services company based out of Switzerland. It provides Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Banking services to the private, institutional and corporate clients worldwide.

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