Credit Suisse Group AG Downgrades UBM Plc (UBM) to Neutral
UBM Plc (LON:UBM) was downgraded by investment analysts at Credit Suisse Group AG to a “neutral” rating in a report released on Tuesday. They currently have a GBX 755 ($9.43) target price on the stock, up from their previous target price of GBX 725 ($9.06). Credit Suisse Group AG’s target price points to a potential upside of 8.63% from the stock’s previous close.
A number of other research analysts have also commented on UBM. Numis Securities Ltd upped their price target on UBM Plc from GBX 550 ($6.87) to GBX 660 ($8.25) and gave the company a “hold” rating in a research report on Friday, July 29th. Shore Capital reaffirmed a “buy” rating on shares of UBM Plc in a research report on Friday, July 29th. JPMorgan Chase & Co. upped their price target on UBM Plc from GBX 785 ($9.81) to GBX 815 ($10.18) and gave the company an “overweight” rating in a research report on Friday, November 11th. Barclays PLC upped their price target on UBM Plc from GBX 650 ($8.12) to GBX 685 ($8.56) and gave the company an “equal weight” rating in a research report on Tuesday, August 2nd. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 650 ($8.12) price target on shares of UBM Plc in a research report on Friday, July 29th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. UBM Plc has a consensus rating of “Hold” and a consensus target price of GBX 698.63 ($8.73).
UBM Plc (LON:UBM) opened at 694.00 on Tuesday. The company’s 50 day moving average price is GBX 712.12 and its 200 day moving average price is GBX 677.90. The stock’s market cap is GBX 2.72 billion. UBM Plc has a 12 month low of GBX 530.10 and a 12 month high of GBX 750.02.
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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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