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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  UBS Group AG    UBSG   CH0244767585

UBS GROUP AG

(UBSG)
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Delayed Quote. Delayed Swiss Exchange - 07/13 08:18:06 am
11.185 CHF   +0.45%
08:33aGEA GROUP : UBS reaffirms its Neutral rating
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08:32aKION : UBS maintains a Buy rating
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07:53aAIRBUS : Buy rating from UBS
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Sterling gains as dollar sags, survey shows manufacturing recovery

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07/01/2020 | 11:17am EDT
UK pound coins plunge into water in this illustration picture

Sterling rose on Wednesday after upbeat U.S. data clipped safe-haven demand for dollars and as British manufacturing survey data pointed to a small increase in output after the historic collapse caused by the coronavirus.

The Purchasing Managers Index survey for June came in at 50.1, in line with a forecast from economists polled by Reuters and up from 40.7 in May. It was unrevised from a preliminary reading. The move above the 50 line signifies growth for the first time since February.

After earlier trading flat, the pound was up 0.4% to $1.2452 by 1455 GMT , while against the euro it was 0.2% ahead at 90.39 pence.

In choppy trading, the dollar fell as risk appetite improved following U.S. payrolls data.

Sterling's rise built on gains from Tuesday.

British Prime Minister Boris Johnson announced a new spending plan on Tuesday to revive the economy, but analysts said the move higher was not down to his announcement as the planned spending was limited and largely expected.

Concerns that Britain will fail to secure a trade agreement with the European Union at end-2020 continue to weigh on the currency, although with the pound down 6.5% versus the dollar so far this year, some analysts say it is due a rebound.

"We believe UK markets are in pole position to play catch-up," said Mark Haefele, chief investment officer, UBS Global Wealth Management, citing "overdone" political and monetary risks in the UK and a belief that UK assets are undervalued.

"In particular, we see sterling as the most notable beneficiary of the vulnerability of the US dollar, which we expect to fall as safe-haven flows reverse and as political uncertainty mounts ahead of the November US presidential election," he said.

(Reporting by Tommy Wilkes; editing by Philippa Fletcher and Steve Orlofsky)

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Financials
Sales 2020 28 236 M 29 976 M 29 976 M
Net income 2020 4 076 M 4 327 M 4 327 M
Net cash 2020 3 724 M 3 954 M 3 954 M
P/E ratio 2020 9,82x
Yield 2020 6,12%
Capitalization 39 909 M 42 453 M 42 369 M
EV / Sales 2019
EV / Sales 2020 1,28x
Nbr of Employees 69 437
Free-Float 92,8%
Chart UBS GROUP AG
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Technical analysis trends UBS GROUP AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 12,09 CHF
Last Close Price 11,14 CHF
Spread / Highest target 39,2%
Spread / Average Target 8,57%
Spread / Lowest Target -25,8%
EPS Revisions
Managers
NameTitle
Sergio P. Ermotti Group Chief Executive Officer
Axel A. Weber Chairman
Sabine Keller-Busse Group Chief Operating Officer
Kirt Gardner Group Chief Financial Officer
Reto Francioni Independent Non-Executive Director
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