Brokerages Set UBM Plc (UBM) Price Target at $686.94
Shares of UBM Plc (LON:UBM) have received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the company. Thirteen analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 686.94 ($8.50).
UBM has been the subject of several recent analyst reports. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 725 ($8.97) price target on shares of UBM Plc in a research note on Friday, October 7th. Peel Hunt downgraded UBM Plc to a “hold” rating and upped their price target for the stock from GBX 650 ($8.04) to GBX 700 ($8.66) in a research note on Monday, September 26th. Barclays PLC upped their price target on UBM Plc from GBX 685 ($8.48) to GBX 725 ($8.97) and gave the stock an “equal weight” rating in a research note on Monday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 700 ($8.66) price target on shares of UBM Plc in a research note on Tuesday, September 6th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 800 ($9.90) price target on shares of UBM Plc in a research note on Tuesday, August 16th.
Shares of UBM Plc (LON:UBM) opened at 738.00 on Tuesday. UBM Plc has a one year low of GBX 471.20 and a one year high of GBX 750.01. The company’s market capitalization is GBX 2.89 billion. The stock has a 50 day moving average price of GBX 715.35 and a 200-day moving average price of GBX 669.54.
The firm also recently declared a dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 8th were issued a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date was Thursday, September 8th. This represents a yield of 0.81%.
About UBM Plc
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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