UBS has revised its rating for Julius Baer (JBAXY, Financial), moving it down to Neutral from a previous Buy recommendation. The investment bank also adjusted the price target for the stock to CHF 55, a decrease from the earlier target of CHF 64.50. While the firm continues to pursue a solid strategy with achievable goals and has opportunities to tap into expanding wealth markets, the path to achieving a re-rating appears to be lengthy, according to an analyst's note to investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Julius Baer Gruppe AG (JBAXY, Financial) is $14.02 with a high estimate of $14.02 and a low estimate of $14.02. The average target implies an upside of 10.64% from the current price of $12.67. More detailed estimate data can be found on the Julius Baer Gruppe AG (JBAXY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Julius Baer Gruppe AG's (JBAXY, 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 Julius Baer Gruppe AG (JBAXY, Financial) in one year is $13.37, suggesting a upside of 5.51% from the current price of $12.672. 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 Julius Baer Gruppe AG (JBAXY) Summary page.
