UBM Plc’s (UBM) “Add” Rating Reiterated at Peel Hunt
Peel Hunt restated their add rating on shares of UBM Plc (LON:UBM) in a report released on Thursday, August 3rd, StockTargetPrices.com reports. The firm currently has a GBX 760 ($9.90) price target on the stock.
UBM has been the subject of several other reports. Berenberg Bank reaffirmed a sell rating and set a GBX 700 ($9.12) price objective on shares of UBM Plc in a research note on Thursday, July 20th. Credit Suisse Group reissued an outperform rating on shares of UBM Plc in a research note on Friday, July 21st. Shore Capital reissued a buy rating on shares of UBM Plc in a research note on Friday, July 28th. Liberum Capital reissued a buy rating and set a GBX 840 ($10.94) target price on shares of UBM Plc in a research note on Friday, July 28th. Finally, Barclays PLC reissued an equal weight rating and set a GBX 745 ($9.70) target price on shares of UBM Plc in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 768.47 ($10.01).
UBM Plc (LON:UBM) opened at 698.00 on Thursday. UBM Plc has a 1-year low of GBX 668.00 and a 1-year high of GBX 777.50. The firm’s market capitalization is GBX 2.75 billion. The stock’s 50 day moving average is GBX 697.66 and its 200-day moving average is GBX 719.99.
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The company also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 7th will be issued a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.78%.
In other news, insider John McConnell bought 973 shares of UBM Plc stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of GBX 719 ($9.36) per share, for a total transaction of £6,995.87 ($9,110.39). Also, insider Tim Cobbold sold 112,666 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of GBX 702 ($9.14), for a total transaction of £790,915.32 ($1,029,971.77). Insiders acquired 21,043 shares of company stock valued at $14,809,138 over the last quarter.
UBM Plc Company Profile
UBM plc is a business-to-business (B2B) event organizer. The Company’s segments include Events and Other Marketing Services. In total, the Company serves over 50 different communities. The Company operates in over 20 countries. Events segment provide face-to-face interaction in the form of exhibitions, tradeshows, conferences and other live events.
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