China’s official PMI data for March shows that the country’s economic recovery is still on track despite global demand weakening and recent banking sector turmoil in the US and Europe. The manufacturing PMI exceeded expectations with a reading of 51.9, while the non-manufacturing PMI rose to 58.2, the highest reading in almost 12 years. The data suggests that China is entering the early stages of a business cycle and reinforces expectations for a solid economic recovery this year. According to experts, several sectors stand to benefit from China’s recovery, including consumer durables and services, industrials, transportation, capital goods, materials, and the digital economy. China is the preferred market for emerging market equities, and the MSCI China is expected to see a 20% upside through the year-end.

UBS Group AG Stock Forecast

According to a forecast based on the opinions of 10 analysts, UBS Group AG is expected to have an average target price of USD 18.86 in the next 12 months. The average rating given by these analysts for UBS Group AG is “Hold.” Stock Target Advisor has analyzed UBS Group AG’s stock and found it to be “Slightly Bearish” based on 5 positive signals and 8 negative signals. As of the last closing, the stock price of UBS Group AG was USD 20.79. Over the past week, the stock price has increased by 3.43%, while over the past month it has decreased by 6.01%. However, over the last year, the stock price has increased by 9.77%.

STA Research

STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.