UBM Plc (UBM) Stock Rating Reaffirmed by Citigroup Inc.
A number of other brokerages have also recently issued reports on UBM. Liberum Capital raised their target price on UBM Plc from GBX 800 ($10.42) to GBX 840 ($10.94) and gave the stock a buy rating in a report on Tuesday, April 4th. Shore Capital restated a buy rating on shares of UBM Plc in a report on Wednesday, April 19th. Peel Hunt restated an add rating and set a GBX 760 ($9.90) target price on shares of UBM Plc in a report on Wednesday, May 17th. Credit Suisse Group restated a neutral rating and set a GBX 800 ($10.42) target price on shares of UBM Plc in a report on Friday, May 5th. Finally, J P Morgan Chase & Co restated a neutral rating on shares of UBM Plc in a report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 771.33 ($10.05).
Shares of UBM Plc (UBM) opened at 705.50 on Wednesday. UBM Plc has a 1-year low of GBX 654.00 and a 1-year high of GBX 777.50. The stock’s market capitalization is GBX 2.77 billion. The firm’s 50-day moving average is GBX 699.16 and its 200-day moving average is GBX 721.27.
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The company also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 7th will be paid a GBX 5.50 ($0.07) dividend. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 7th.
In other UBM Plc news, insider Tim Cobbold sold 112,666 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of GBX 702 ($9.15), for a total value of £790,915.32 ($1,030,374.31). Also, insider Warren Finegold bought 20,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of GBX 703 ($9.16) per share, for a total transaction of £140,600 ($183,168.32). Insiders acquired a total of 21,043 shares of company stock worth $14,809,138 in the last 90 days.
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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