UBM (UBM) Price Target Raised to GBX 810
UBM (LON:UBM) had its price target raised by stock analysts at Peel Hunt from GBX 760 ($10.31) to GBX 810 ($10.98) in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential downside of 9.95% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Shore Capital reiterated a “buy” rating on shares of UBM in a research report on Wednesday, November 15th. Liberum Capital reiterated a “buy” rating and issued a GBX 840 ($11.39) price objective on shares of UBM in a research report on Tuesday, November 14th. Citigroup reiterated a “buy” rating on shares of UBM in a research report on Wednesday, November 8th. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 750 ($10.17) price objective on shares of UBM in a research report on Monday, November 20th. Finally, Deutsche Bank boosted their target price on shares of UBM from GBX 725 ($9.83) to GBX 830 ($11.26) and gave the stock a “hold” rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 785.29 ($10.65).
UBM (UBM) remained flat at $GBX 899.50 ($12.20) during trading hours on Wednesday. 3,122,607 shares of the company’s stock were exchanged, compared to its average volume of 1,240,000. UBM has a 1 year low of GBX 639 ($8.67) and a 1 year high of GBX 914 ($12.39). The stock has a market capitalization of $3,540.00 and a PE ratio of 3,910.87.
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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