UBM Plc (UBM) Lifted to “Overweight” at J P Morgan Chase & Co
J P Morgan Chase & Co upgraded shares of UBM Plc (LON:UBM) to an overweight rating in a research note released on Thursday morning, MarketBeat.com reports. The firm currently has GBX 838 ($11.06) price objective on the stock, up from their prior price objective of GBX 822 ($10.85).
Several other brokerages also recently issued reports on UBM. Deutsche Bank AG reissued a hold rating and set a GBX 725 ($9.57) price objective on shares of UBM Plc in a research note on Monday, July 31st. Shore Capital reissued a buy rating on shares of UBM Plc in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised shares of UBM Plc to a buy rating and reduced their price objective for the company from GBX 857 ($11.31) to GBX 845 ($11.15) in a research note on Monday, July 24th. Barclays PLC reduced their price objective on shares of UBM Plc from GBX 755 ($9.96) to GBX 740 ($9.77) and set an equal weight rating on the stock in a research note on Friday, July 7th. Finally, Citigroup Inc. reissued a buy rating and set a GBX 905 ($11.94) price objective on shares of UBM Plc in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 770.20 ($10.16).
Shares of UBM Plc (LON:UBM) opened at GBX 725.50 ($9.57) on Thursday. UBM Plc has a 1 year low of GBX 639 ($8.43) and a 1 year high of GBX 777.50 ($10.26).
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UBM Plc Company Profile
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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