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RBC Capital Sticks to Their Hold Rating for UBS Group AG

Investing.com
·2 min read


RBC Capital analyst Anke Reingen maintained a Hold rating on UBS Group AG (NYSE:UBS) on Friday, setting a price target of CHF11, which is approximately 18.79% above the present share price of $9.26.

Reingen expects UBS Group AG to post earnings per share (EPS) of $0.00 for the second quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in UBS Group AG, with an average price target of $12.22.
The analysts price targets range from a high of $15.44 to a low of $9.26.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $8.17 billion and a net profit of $0. The company's market cap is $33.19 billion.

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According to TipRanks.com, RBC Capital analyst Anke Reingen is a 1-star analyst with an average return of -4.9% and a 47.9% success rate.

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Wealth Management; Wealth Management Americas; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management. The Wealth Management Americas segment provides advice-based solutions through financial advisors. The Personal and Corporate segment offers financial products and services to private, corporate, and institutional clients in Switzerland. The Asset Management segment consists of investment management products and services; platform solutions and advisory support to institutions; wholesale intermediaries, and wealth management clients. The Investment Bank segment comprises investment advice, financial solutions, and capital markets access among corporate, institutional, and wealth management clients. The Corporate Center segment is involved in the services, group asset and liability management and non-core and legacy portfolio. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.