UBM Plc (UBM) Given Outperform Rating at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of UBM Plc (LON:UBM) in a research report report published on Friday. They currently have a GBX 725 ($9.46) price objective on the stock.
A number of other equities analysts also recently commented on UBM. Numis Securities Ltd upped their target price on shares of UBM Plc from GBX 550 ($7.18) to GBX 660 ($8.62) and gave the stock a hold rating in a research note on Friday, July 29th. Shore Capital reaffirmed a buy rating on shares of UBM Plc in a research report on Friday, July 29th. Barclays PLC upped their price target on shares of UBM Plc from GBX 650 ($8.48) to GBX 685 ($8.94) and gave the stock an equal weight rating in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of UBM Plc from GBX 635 ($8.29) to GBX 700 ($9.14) and gave the stock an overweight rating in a research report on Monday, August 1st. Finally, Beaufort Securities reaffirmed a buy rating on shares of UBM Plc in a research report on Tuesday, June 14th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. UBM Plc currently has an average rating of Hold and an average price target of GBX 676.47 ($8.83).
UBM Plc (LON:UBM) traded up 0.40% during midday trading on Friday, reaching GBX 744.00. 939,035 shares of the company’s stock were exchanged. UBM Plc has a 12-month low of GBX 471.20 and a 12-month high of GBX 750.01. The stock’s market capitalization is GBX 2.92 billion. The stock’s 50-day moving average is GBX 709.54 and its 200-day moving average is GBX 667.72.
The company also recently announced a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 8th will be paid a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 0.81%. The ex-dividend date is Thursday, September 8th.
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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