UBM Plc (UBM) PT Raised to GBX 755 at Barclays PLC
UBM Plc (LON:UBM) had its price objective boosted by equities research analysts at Barclays PLC from GBX 725 ($9.06) to GBX 755 ($9.43) in a report released on Friday. The firm currently has an “an equal weight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 9.42% from the company’s current price.
A number of other analysts have also commented on UBM. Numis Securities Ltd lifted their price target on shares of UBM Plc from GBX 550 ($6.87) to GBX 660 ($8.25) and gave the stock a “hold” rating in a research note on Friday, July 29th. Shore Capital reissued a “buy” rating on shares of UBM Plc in a report on Friday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of UBM Plc from GBX 785 ($9.81) to GBX 815 ($10.18) and gave the stock an “overweight” rating in a report on Friday. Peel Hunt reissued an “add” rating and issued a GBX 650 ($8.12) price objective on shares of UBM Plc in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. raised their price objective on shares of UBM Plc from GBX 718.80 ($8.98) to GBX 771 ($9.63) and gave the stock a “buy” rating in a report on Monday, August 8th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 696.75 ($8.71).
UBM Plc (LON:UBM) opened at 697.00 on Friday. The company’s market cap is GBX 2.73 billion. The stock has a 50 day moving average of GBX 717.83 and a 200-day moving average of GBX 675.74. UBM Plc has a one year low of GBX 471.20 and a one year high of GBX 750.01.
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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