Citi has adjusted its price target for UBS (UBS, Financial), reducing it from CHF 30 to CHF 25.40. Despite this revision, the firm maintains a Neutral rating on the bank's shares. This decision comes in response to recent market turbulence, which has pushed capital market volumes to new highs in March and April, especially within the equities sector.
The financial advisory suggests that investors consider selectively investing in European banks as first-quarter financial results are released. Citi's analysis reflects a cautious approach amidst the fluctuating financial landscape, highlighting the importance of strategic positioning in such volatile times. UBS shares remain under scrutiny as the firm navigates these challenging market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for UBS Group AG (UBS, Financial) is $35.41 with a high estimate of $39.12 and a low estimate of $31.70. The average target implies an upside of 24.07% from the current price of $28.54. More detailed estimate data can be found on the UBS Group AG (UBS) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, UBS Group AG's (UBS, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for UBS Group AG (UBS, Financial) in one year is $28.60, suggesting a upside of 0.21% from the current price of $28.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the UBS Group AG (UBS) Summary page.
