UBM Given Hold Rating at Canaccord Genuity (UBM)
UBM (LON: UBM)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday. They currently have a $11.19 (745 GBX) target price on the stock, down from their previous target price of $11.19 (745 GBX).
Shares of UBM traded down 4.65% during mid-day trading on Friday, hitting GBX 738.00. UBM has a 52 week low of GBX 444.887 and a 52 week high of GBX 737.00. The stock’s 50-day moving average is currently GBX 713.. The company’s market cap is £1.805 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “hold” rating on shares of UBM in a research note to investors on Friday. They now have a $11.29 price target on the stock. Separately, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of UBM in a research note to investors on Wednesday. They now have a $11.68 price target on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of UBM from $9.62 to $13.97 in a research note to investors on Tuesday, February 19th. They now have a “buy” 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.