UBM Plc (UBM) Price Target Raised to GBX 700 at Berenberg Bank
UBM Plc (LON:UBM) had its target price upped by Berenberg Bank from GBX 675 ($8.37) to GBX 700 ($8.68) in a research report report published on Tuesday morning. They currently have a hold rating on the stock.
Other equities research analysts have also recently issued reports about the stock. BNP Paribas reaffirmed a neutral rating and issued a GBX 680 ($8.44) target price on shares of UBM Plc in a research report on Monday, August 1st. Goldman Sachs Group Inc. lifted their price target on shares of UBM Plc from GBX 718.80 ($8.92) to GBX 771 ($9.56) and gave the company a buy rating in a research report on Monday, August 8th. Barclays PLC lifted their price target on shares of UBM Plc from GBX 650 ($8.06) to GBX 685 ($8.50) and gave the company an equal weight rating in a research report on Tuesday, August 2nd. Credit Suisse Group AG cut shares of UBM Plc to a neutral rating and lifted their price target for the company from GBX 725 ($8.99) to GBX 755 ($9.37) in a research report on Tuesday, November 22nd. Finally, Deutsche Bank AG reissued a hold rating and set a GBX 700 ($8.68) price target on shares of UBM Plc in a research report on Tuesday, September 6th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 707.38 ($8.78).
UBM Plc (LON:UBM) opened at 717.50 on Tuesday. The stock’s market capitalization is GBX 2.81 billion. The firm has a 50-day moving average of GBX 708.11 and a 200-day moving average of GBX 678.88. UBM Plc has a 1-year low of GBX 471.20 and a 1-year high of GBX 750.01.
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In other UBM Plc news, insider John McConnell bought 681 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was bought at an average cost of GBX 697 ($8.65) per share, for a total transaction of £4,746.57 ($5,888.31).
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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