UBM (LON:UBM) was upgraded by research analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Thursday. The firm currently has a GBX 930 ($12.85) price objective on the stock, up from their previous price objective of GBX 675 ($9.33).
Several other equities research analysts have also issued reports on the company. Citigroup reiterated a “buy” rating on shares of UBM in a report on Wednesday, November 8th. Shore Capital reiterated a “buy” rating on shares of UBM in a report on Thursday, November 9th. Liberum Capital reiterated a “buy” rating and set a GBX 840 ($11.61) price target on shares of UBM in a report on Tuesday, November 14th. Peel Hunt reiterated a “buy” rating and set a GBX 760 ($10.50) price target on shares of UBM in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 838 ($11.58) price target on shares of UBM in a report on Wednesday, November 15th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. UBM presently has an average rating of “Hold” and a consensus price target of GBX 868.36 ($12.00).
UBM (UBM) opened at GBX 930 ($12.85) on Thursday. UBM has a 12 month low of GBX 639 ($8.83) and a 12 month high of GBX 939.50 ($12.98). The firm has a market capitalization of $3,670.00 and a PE ratio of 2,657.14.
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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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