UBM Plc (UBM) Raised to “Buy” at Goldman Sachs Group, Inc. (The)
UBM Plc (LON:UBM) was upgraded by Goldman Sachs Group, Inc. (The) to a “buy” rating in a report released on Monday, July 24th, MarketBeat Ratings reports. The brokerage currently has a GBX 845 ($10.97) target price on the stock, down from their prior target price of GBX 857 ($11.13). Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 21.32% from the stock’s current price.
A number of other equities research analysts have also recently commented on UBM. Liberum Capital increased their price target on UBM Plc from GBX 800 ($10.39) to GBX 840 ($10.90) and gave the company a “buy” rating in a research note on Tuesday, April 4th. Shore Capital reissued a “buy” rating on shares of UBM Plc in a report on Wednesday, April 19th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 905 ($11.75) target price on shares of UBM Plc in a report on Friday, May 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 800 ($10.39) target price on shares of UBM Plc in a report on Friday, May 5th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 760 ($9.87) target price on shares of UBM Plc in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 768.47 ($9.98).
UBM Plc (UBM) traded down 1.49% during midday trading on Monday, reaching GBX 696.50. 460,537 shares of the company’s stock traded hands. UBM Plc has a one year low of GBX 668.00 and a one year high of GBX 777.50. The stock’s 50 day moving average price is GBX 697.54 and its 200-day moving average price is GBX 719.57. The stock’s market cap is GBX 2.74 billion.
In other news, insider John McConnell bought 973 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of GBX 719 ($9.33) per share, for a total transaction of £6,995.87 ($9,082.01). Also, insider Warren Finegold bought 20,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of GBX 703 ($9.13) per share, for a total transaction of £140,600 ($182,526.29). In the last 90 days, insiders bought 21,043 shares of company stock worth $14,808,907.
About UBM Plc
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.
Receive News & Stock Ratings for UBM Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBM Plc and related stocks with our FREE daily email newsletter.