UBM Plc (UBM) Price Target Increased to GBX 725 by Analysts at Barclays PLC
UBM Plc (LON:UBM) had its target price hoisted by equities researchers at Barclays PLC from GBX 685 ($8.94) to GBX 725 ($9.46) in a research note issued on Monday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price target would suggest a potential upside of 1.63% from the company’s previous close.
Several other analysts also recently commented on UBM. Peel Hunt reiterated an “add” rating and issued a GBX 580 ($7.57) target price on shares of UBM Plc in a report on Monday, June 13th. Beaufort Securities restated a “buy” rating on shares of UBM Plc in a report on Tuesday, June 14th. Shore Capital restated a “buy” rating on shares of UBM Plc in a report on Friday, June 17th. Deutsche Bank AG restated a “hold” rating and set a GBX 620 ($8.09) price objective (up previously from GBX 510 ($6.66)) on shares of UBM Plc in a report on Friday, June 24th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 635 ($8.29) price objective on shares of UBM Plc in a report on Monday, June 27th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 672.06 ($8.77).
Shares of UBM Plc (LON:UBM) opened at 713.3671 on Monday. UBM Plc has a 12-month low of GBX 471.20 and a 12-month high of GBX 741.00. The firm has a 50-day moving average of GBX 701.30 and a 200-day moving average of GBX 665.60. The company’s market cap is GBX 2.80 billion.
The business also recently announced a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 0.81%.
UBM Plc Company Profile
UBM plc is a business-to-business (B2B) event organizer. The Company provides products and services to a range of specialist professional and commercial communities. The Company operates through two segments, including Events, which organizes tradeshows and other live in person events that enable businesses to do business, transact, learn and network as part of a professional or commercial community, and Other Marketing Services, which includes Marketing Services-Online and Marketing Services-Print and offers a range of sector specific digital and print products, such as community Websites, digital directories and print publications.
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