UBM Plc (UBM) Given Outperform Rating at Credit Suisse Group AG
Credit Suisse Group AG reiterated their outperform rating on shares of UBM Plc (LON:UBM) in a research note released on Friday morning. Credit Suisse Group AG currently has a GBX 725 ($9.46) price objective on the stock.
A number of other equities research analysts have also recently commented on the stock. Barclays PLC increased their price objective on shares of UBM Plc from GBX 685 ($8.94) to GBX 725 ($9.46) and gave the company an equal weight rating in a research note on Monday, October 3rd. Peel Hunt cut shares of UBM Plc to a hold rating and increased their price objective 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. Numis Securities Ltd upped their target price on shares of UBM Plc from GBX 660 ($8.62) to GBX 705 ($9.20) and gave the company a hold rating in a report on Wednesday, August 17th. Finally, Liberum Capital restated a buy rating and issued a GBX 800 ($10.44) target price on shares of UBM Plc in a report on Tuesday, August 16th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 676.47 ($8.83).
Shares of UBM Plc (LON:UBM) traded up 0.40% during midday trading on Friday, hitting GBX 744.00. 939,035 shares of the company’s stock were exchanged. The firm’s market cap is GBX 2.92 billion. The stock’s 50-day moving average price is GBX 709.54 and its 200 day moving average price is GBX 667.72. UBM Plc has a one year low of GBX 471.20 and a one year high of GBX 750.01.
The company also recently disclosed a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 8th will be given a GBX 5.40 ($0.07) dividend. This represents a yield of 0.81%. The ex-dividend date of this dividend is Thursday, September 8th.
About UBM Plc
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.