UBM Plc (UBM) Upgraded at Barclays PLC
UBM Plc (LON:UBM) was upgraded by investment analysts at Barclays PLC to an “overweight” rating in a report issued on Thursday. The brokerage currently has a GBX 755 ($10.15) price target on the stock, up from their prior price target of GBX 745 ($10.02). Barclays PLC’s price objective points to a potential upside of 13.36% from the company’s current price.
A number of other analysts have also issued reports on the company. Peel Hunt raised UBM Plc to a “buy” rating and set a GBX 760 ($10.22) target price on the stock in a report on Monday, September 4th. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 700 ($9.41) target price on shares of UBM Plc in a report on Thursday, July 20th. Credit Suisse Group reaffirmed an “outperform” rating on shares of UBM Plc in a report on Friday, July 21st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 840 ($11.30) target price on shares of UBM Plc in a report on Friday, June 16th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 905 ($12.17) target price on shares of UBM Plc in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. UBM Plc has a consensus rating of “Hold” and a consensus target price of GBX 769.13 ($10.34).
UBM Plc (UBM) opened at 674.50 on Thursday. UBM Plc has a 12 month low of GBX 639.00 and a 12 month high of GBX 777.50. The firm has a 50 day moving average price of GBX 682.80 and a 200-day moving average price of GBX 711.11. The firm’s market capitalization is GBX 2.65 billion.
In other news, insider Warren Finegold acquired 20,000 shares of UBM Plc stock in a transaction on Friday, July 28th. The stock was bought at an average price of GBX 703 ($9.45) per share, for a total transaction of £140,600 ($189,080.15). Insiders acquired a total of 20,066 shares of company stock valued at $14,104,964 in 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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