UBM Plc (UBM) Receives GBX 709.27 Average PT from Brokerages
UBM Plc (LON:UBM) has earned a consensus recommendation of “Hold” from the nineteen analysts that are covering the company. Ten research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 709.27 ($8.86).
UBM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on UBM Plc from GBX 635 ($7.93) to GBX 700 ($8.75) and gave the company an “overweight” rating in a report on Monday, August 1st. Peel Hunt lowered UBM Plc to a “hold” rating and increased their price objective for the company from GBX 650 ($8.12) to GBX 700 ($8.75) in a report on Monday, September 26th. Deutsche Bank AG increased their price objective on UBM Plc from GBX 620 ($7.75) to GBX 700 ($8.75) and gave the company a “hold” rating in a report on Friday, August 19th. Barclays PLC increased their price objective on UBM Plc from GBX 685 ($8.56) to GBX 725 ($9.06) and gave the company an “equal weight” rating in a report on Monday, October 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 700 ($8.75) price objective on shares of UBM Plc in a report on Friday, July 29th.
UBM Plc (LON:UBM) opened at 681.50 on Tuesday. UBM Plc has a 12 month low of GBX 471.20 and a 12 month high of GBX 750.01. The stock has a 50 day moving average price of GBX 715.47 and a 200 day moving average price of GBX 676.43. The stock’s market capitalization is GBX 2.67 billion.
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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