3 Analysts Downgrade UBS Group after Credit Suisse takeover

UBS

UBS Group AG Stock Forecast:

According to the UBS Group AG stock forecasts from 7 analysts, the average analyst target price for UBS Group AG is USD 18.86 over the next 12 months. This suggests that analysts expect the company’s stock to increase in value by around 3.4% from its current price of USD 18.20. The average analyst rating for UBS Group AG is “Buy,” indicating that the company is generally viewed positively by Wall Street analysts.

Stock Target Advisor‘s own analysis of UBS Group AG’s stock is “Slightly Bearish,” which suggests that the stock may face some challenges in the near future. This assessment is based on 5 positive signals and 9 negative signals, indicating that there are more negative factors to consider than positive ones.

Looking at the stock’s recent performance, UBS Group AG’s stock price has declined significantly in the past week, month, and year. Specifically, the stock price has changed by -10.52% over the past week, -17.05% over the past month, and -2.20% over the last year. These numbers suggest that the company’s stock has been experiencing some volatility and that there may be some uncertainty around its future prospects.

Analysts Coverage Change:

  • Oddo & Cie Downgrades UBS Group AG stock to “Underperform”.
  • Societe Generale Downgrades the stock to “Hold”.
  • Bank of America Merrill Lynch Upgrades UBS Group AG stock to “Buy”.
  • Keefe, Bruyette & Woods also Downgrades the stock to “Underperform” and maintains the target of $20.50.

UBS Group News:

On Sunday Swiss authorities brokered a historic deal that saw UBS Group AG acquire Credit Suisse Group AG for 3 billion Swiss francs. The deal is expected to close by the end of 2023, and UBS will assume up to $5.4 billion US  in losses.

The announcement of the deal prompted statements from major central banks, including the U.S. Federal Reserve and European Central Bank, aimed at reassuring markets that have been impacted by the recent collapse of two regional U.S. banks. This move is seen as crucial to prevent the crisis from spreading further and destabilizing the global financial system.

The acquisition of Credit Suisse by UBS is a significant development in the banking industry and highlights the importance of consolidation during challenging times. The massive Swiss guarantee backing the deal is expected to provide further stability to the banking sector.

 

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