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Analysts Offer Insights on Financial Companies: Independent Bank (INDB) and UBS Group AG (UBS)

Tipranks - Tipranks - Wed Apr 8, 3:14AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Independent Bank (INDB) and UBS Group AG (UBS).

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Independent Bank (INDB)

Barclays analyst Jared Shaw maintained a Sell rating on Independent Bank today and set a price target of $82.00. The company’s shares closed last Monday at $77.76.

According to TipRanks.com, Shaw is a 3-star analyst with an average return of 0.9% and a 50.6% success rate. Shaw covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Pinnacle Financial Partners, and First Interstate Bancsystem. ;'>

Currently, the analyst consensus on Independent Bank is a Hold with an average price target of $87.33.

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UBS Group AG (UBS)

In a report released today, Anke Reingen from RBC Capital maintained a Buy rating on UBS Group AG, with a price target of CHF37.00. The company’s shares closed last Monday at $39.69.

Reingen has an average return of 13.2% when recommending UBS Group AG. ;'>

According to TipRanks.com, Reingen is ranked #287 out of 12128 analysts.

UBS Group AG has an analyst consensus of Moderate Buy, with a price target consensus of $49.86, implying a 26.7% upside from current levels. In a report issued on March 31, Kepler Capital also maintained a Buy rating on the stock with a CHF40.00 price target.

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