UBM Plc (LON:UBM) had its target price raised by Barclays PLC from GBX 685 ($8.94) to GBX 725 ($9.46) in a research note issued to investors on Monday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price target indicates a potential downside of 2.42% from the stock’s current price.
Other research analysts have also issued reports about the stock. BNP Paribas restated a “neutral” rating and issued a GBX 680 ($8.88) price objective on shares of UBM Plc in a report on Monday, August 1st. Peel Hunt restated an “add” rating and issued a GBX 580 ($7.57) price objective on shares of UBM Plc in a report on Sunday, June 19th. Canaccord Genuity restated a “buy” rating and issued a GBX 700 ($9.14) price objective on shares of UBM Plc in a report on Friday, July 29th. Goldman Sachs Group Inc. upped their price objective on shares of UBM Plc from GBX 718.80 ($9.38) to GBX 771 ($10.06) and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Morgan Stanley lowered shares of UBM Plc to an “equal weight” rating and set a GBX 650 ($8.48) price objective for the company. in a report on Tuesday, July 12th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. UBM Plc has a consensus rating of “Hold” and a consensus target price of GBX 672.06 ($8.77).
UBM Plc (LON:UBM) opened at 739.00 on Monday. UBM Plc has a 52-week low of GBX 471.20 and a 52-week high of GBX 750.01. The company’s market capitalization is GBX 2.90 billion. The company’s 50 day moving average is GBX 704.65 and its 200-day moving average is GBX 666.26.
The business also recently announced a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 8th will be paid a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 0.81%. The ex-dividend date of this dividend is Thursday, September 8th.
UBM Plc Company Profile
UBM plc is a business-to-business (B2B) event organizer. The Company provides products and services to a range of specialist professional and commercial communities. The Company operates through two segments, including Events, which organizes tradeshows and other live in person events that enable businesses to do business, transact, learn and network as part of a professional or commercial community, and Other Marketing Services, which includes Marketing Services-Online and Marketing Services-Print and offers a range of sector specific digital and print products, such as community Websites, digital directories and print publications.
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