UBM’s (UBM) Hold Rating Reaffirmed at Deutsche Bank
Several other analysts also recently weighed in on UBM. Liberum Capital reaffirmed a hold rating and issued a GBX 760 ($10.31) target price on shares of UBM in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of UBM to an overweight rating and raised their price objective for the company from GBX 822 ($11.15) to GBX 838 ($11.36) in a research note on Thursday, November 2nd. Barclays upgraded shares of UBM to an overweight rating and raised their price objective for the company from GBX 745 ($10.10) to GBX 755 ($10.24) in a research note on Thursday, September 28th. Shore Capital reiterated a buy rating on shares of UBM in a research note on Thursday, November 9th. Finally, Kepler Capital Markets reiterated a hold rating and issued a GBX 750 ($10.17) price objective on shares of UBM in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 785.29 ($10.65).
Shares of UBM (LON:UBM) opened at GBX 899 ($12.19) on Wednesday. The firm has a market cap of $3,540.00 and a PE ratio of 3,908.70. UBM has a fifty-two week low of GBX 639 ($8.67) and a fifty-two week high of GBX 914 ($12.39).
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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