Shore Capital Reiterates Buy Rating for UBM plc (UBM)
A number of other research analysts have also recently weighed in on UBM. Barclays PLC raised UBM plc to an overweight rating and lifted their price objective for the company from GBX 745 ($9.80) to GBX 755 ($9.93) in a research report on Thursday, September 28th. J P Morgan Chase & Co raised UBM plc to an overweight rating and lifted their price objective for the company from GBX 822 ($10.81) to GBX 838 ($11.02) in a research report on Thursday, November 2nd. Citigroup Inc. reaffirmed a buy rating on shares of UBM plc in a research report on Wednesday, November 8th. Peel Hunt reaffirmed an add rating and set a GBX 760 ($10.00) price objective on shares of UBM plc in a research report on Friday, July 28th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 840 ($11.05) price objective on shares of UBM plc in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 770.20 ($10.13).
UBM plc (LON:UBM) opened at GBX 718.50 ($9.45) on Thursday. UBM plc has a 12-month low of GBX 639 ($8.40) and a 12-month high of GBX 777.50 ($10.23).
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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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