Price Target Update on UBS AG (NYSE:UBS)

UBS AG (NYSE:UBS) : 2 investment research analysts covering UBS AG (NYSE:UBS) have an average price target of $8.59 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $3 for the short term. Analysts expect the variance to be within $8.25 of the average price.

Other Equity analysts have also commented on the company shares. Barclays upgrades their rating on the shares of UBS AG (NYSE:UBS). The current rating of the shares is Overweight. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on June 9, 2016.

UBS AG (NYSE:UBS): stock turned positive on Thursday. Though the stock opened at $15.92, the bulls momentum made the stock top out at $16.1 level for the day. The stock recorded a low of $15.85 and closed the trading day at $16.1, in the green by 3.94%. The total traded volume for the day was 2,185,891. The stock had closed at $15.49 in the previous days trading.

The company shares have dropped -28.85% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $23.19 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $15.00 and the 200 Day Moving Average price is recorded at $16.30.

UBS Group AG is a holding company of the UBS Group. The Companys businesses are organized globally into five business segments: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. The Company provides private, institutional and corporate customers around the world, as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions, such as finance, including treasury services, such as liquidity, funding, balance sheet and capital management; risk control, including compliance, and legal. In addition, Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.

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