Liberum Capital Reaffirms Buy Rating for UBM Plc (UBM)
A number of other research firms also recently commented on UBM. Shore Capital reissued a buy rating on shares of UBM Plc in a report on Wednesday, April 19th. Peel Hunt reissued an add rating and issued a GBX 760 ($10.03) target price on shares of UBM Plc in a report on Wednesday, May 17th. Credit Suisse Group reissued a neutral rating and issued a GBX 800 ($10.55) target price on shares of UBM Plc in a report on Friday, May 5th. J P Morgan Chase & Co reissued a neutral rating on shares of UBM Plc in a report on Friday, May 5th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 905 ($11.94) target price on shares of UBM Plc in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 771.80 ($10.18).
UBM Plc (LON:UBM) opened at 717.00 on Friday. UBM Plc has a 52-week low of GBX 622.50 and a 52-week high of GBX 777.50. The firm’s market capitalization is GBX 2.82 billion. The firm’s 50-day moving average is GBX 699.34 and its 200-day moving average is GBX 721.00.
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The company also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 7th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, September 7th.
In other news, insider Warren Finegold bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of GBX 703 ($9.27) per share, with a total value of £140,600 ($185,463.66). Also, insider John McConnell bought 973 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of GBX 719 ($9.48) per share, with a total value of £6,995.87 ($9,228.16). Insiders have bought a total of 21,043 shares of company stock valued at $14,809,138 in the last ninety days.
About UBM Plc
UBM plc is a business-to-business (B2B) event organizer. The Company’s segments include Events and Other Marketing Services. In total, the Company serves over 50 different communities. The Company operates in over 20 countries. Events segment provide face-to-face interaction in the form of exhibitions, tradeshows, conferences and other live events.
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