UBM Upgraded by Westhouse Securities to “Buy” (UBM)
UBM (LON:UBM) was upgraded by investment analysts at Westhouse Securities from an “add” rating to a “buy” rating in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a GBX 855 ($13.72) target price on the stock. Westhouse Securities’ target price suggests a potential upside of 21.79% from the stock’s previous close.
A number of other firms have also recently commented on UBM. Analysts at AlphaValue reiterated an “add” rating on shares of UBM in a research note to investors on Thursday. They now have a GBX 777 ($12.47) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of UBM in a research note to investors on Thursday, October 3rd. They now have a GBX 830 ($13.32) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of UBM in a research note to investors on Wednesday, October 2nd. They now have a GBX 890 ($14.28) price target on the stock. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 814.02 ($13.06).
UBM (LON:UBM) traded up 2.07% during mid-day trading on Friday, hitting GBX 716.50. The stock had a trading volume of 415,199 shares. UBM has a 1-year low of GBX 627.00 and a 1-year high of GBX 795.00. The stock’s 50-day moving average is GBX 716.6 and its 200-day moving average is GBX 704.1. The company’s market cap is £1.755 billion.
UBM plc is a global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events and online, as well as producing and distributing news and specialist content.
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