UBM Plc (UBM) PT Raised to GBX 700 at Berenberg Bank
UBM Plc (LON:UBM) had its price target hoisted by Berenberg Bank from GBX 675 ($8.37) to GBX 700 ($8.68) in a report released on Tuesday. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 1.89% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Barclays PLC lifted their target price on shares of UBM Plc from GBX 725 ($8.99) to GBX 755 ($9.37) and gave the stock an “an equal weight” rating in a research note on Friday, November 11th. Beaufort Securities reiterated a “buy” rating on shares of UBM Plc in a research note on Monday, August 1st. Liberum Capital reiterated a “buy” rating and issued a GBX 800 ($9.92) target price on shares of UBM Plc in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. lifted their target price on shares of UBM Plc from GBX 718.80 ($8.92) to GBX 771 ($9.56) and gave the stock a “buy” rating in a research note on Monday, August 8th. Finally, Peel Hunt lowered shares of UBM Plc to a “hold” rating and raised their price objective for the company from GBX 650 ($8.06) to GBX 700 ($8.68) in a research report on Monday, September 26th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. UBM Plc currently has a consensus rating of “Hold” and an average target price of GBX 707.38 ($8.78).
UBM Plc (LON:UBM) opened at 713.50 on Tuesday. The firm’s market capitalization is GBX 2.80 billion. UBM Plc has a 12 month low of GBX 471.20 and a 12 month high of GBX 750.01. The firm has a 50-day moving average of GBX 708.11 and a 200 day moving average of GBX 678.88.
In other news, insider John McConnell bought 681 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were bought at an average cost of GBX 697 ($8.65) per share, with a total value of £4,746.57 ($5,888.31).
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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