Peel Hunt Increases UBM Plc (UBM) Price Target to GBX 740
UBM Plc (LON:UBM) had its price target upped by analysts at Peel Hunt from GBX 700 ($8.67) to GBX 740 ($9.17) in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 7.09% from the stock’s current price.
UBM has been the topic of a number of other reports. Deutsche Bank AG lifted their target price on UBM Plc from GBX 620 ($7.68) to GBX 700 ($8.67) and gave the stock a “hold” rating in a report on Friday, August 19th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 725 ($8.98) price target on shares of UBM Plc in a research report on Friday, October 7th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 685 ($8.49) price target on shares of UBM Plc in a research report on Wednesday, August 31st. Beaufort Securities reiterated a “buy” rating on shares of UBM Plc in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on UBM Plc from GBX 635 ($7.87) to GBX 700 ($8.67) and gave the company an “overweight” rating in a research report on Monday, August 1st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 696.75 ($8.63).
Shares of UBM Plc (LON:UBM) opened at 694.50 on Thursday. The company’s 50-day moving average is GBX 719.30 and its 200-day moving average is GBX 675.41. UBM Plc has a 52-week low of GBX 471.20 and a 52-week high of GBX 750.01. The firm’s market cap is GBX 2.72 billion.
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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