UBM Price Target Lowered to $11.41 at Numis Securities Ltd (UBM)
Equities researchers at Numis Securities Ltd dropped their target price on shares of UBM (LON: UBM) from $11.90 (797 GBX) to $11.41 (764 GBX) in a report issued on Tuesday. The firm currently has a “hold” rating on the stock.
Shares of UBM opened at 725.00 on Tuesday. UBM has a 52 week low of GBX 509.00 and a 52 week high of GBX 795.00. The stock’s 50-day moving average is currently GBX 713.. The company’s market cap is £1.772 billion.
UBM has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of UBM in a research note to investors on Friday. They now have a $12.69 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of UBM from $10.45 to $11.05 in a research note to investors on Monday. They now have a “neutral” rating on the stock.
UBM plc is a holding company. The Company operates in five segments: Events, which provide face to face interaction in the form of exhibitions, trade shows, conferences and other live events; PR Newswire, which operates in the targeting and distribution of company information and the evaluation of its impact on targeted audiences; Data Services, which provide data-based workflow products, intellectual property consultancy and analytical services and sales lead generation program; Marketing Services Online, which provides Website sponsorships and banner advertising, and Marketing Services Print.
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