UBM Plc (UBM) Price Target Raised to GBX 725 at Barclays PLC
UBM Plc (LON:UBM) had its price objective boosted by Barclays PLC from GBX 685 ($8.94) to GBX 725 ($9.46) in a research note released on Monday. Barclays PLC currently has an equal weight rating on the stock.
A number of other research firms have also recently commented on UBM. Peel Hunt cut UBM Plc to a hold rating and upped their target price for the company from GBX 650 ($8.48) to GBX 700 ($9.14) in a research note on Monday, September 26th. Deutsche Bank AG reissued a hold rating and issued a GBX 700 ($9.14) price objective on shares of UBM Plc in a research note on Tuesday, September 6th. Liberum Capital reissued a buy rating and issued a GBX 800 ($10.44) price objective on shares of UBM Plc in a research note on Tuesday, August 16th. Numis Securities Ltd increased their price objective on UBM Plc from GBX 660 ($8.62) to GBX 705 ($9.20) and gave the stock a hold rating in a research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. increased their price objective on UBM Plc from GBX 718.80 ($9.38) to GBX 771 ($10.06) and gave the stock a buy rating in a research note on Monday, August 8th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 672.06 ($8.77).
UBM Plc (LON:UBM) traded up 1.57% during trading on Monday, reaching GBX 743.50. The company had a trading volume of 509,423 shares. The company’s market capitalization is GBX 2.91 billion. The firm’s 50 day moving average is GBX 703.11 and its 200 day moving average is GBX 665.90. UBM Plc has a one year low of GBX 471.20 and a one year high of GBX 747.00.
The company also recently announced a dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 8th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 0.81%.
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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