UBM Receives Outperform Rating from Credit Suisse (UBM)
UBM (LON:UBM)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 800 ($12.77) target price on the stock. Credit Suisse’s price target would indicate a potential upside of 11.89% from the company’s current price.
UBM (LON:UBM) traded down 0.21% during mid-day trading on Monday, hitting GBX 715.00. 152,571 shares of the company’s stock traded hands. UBM has a 52 week low of GBX 627.00 and a 52 week high of GBX 795.00. The stock has a 50-day moving average of GBX 716.6 and a 200-day moving average of GBX 704.1. The company’s market cap is £1.751 billion.
A number of other analysts have also recently weighed in on UBM. Analysts at Westhouse Securities upgraded shares of UBM from an “add” rating to a “buy” rating in a research note to investors on Friday. They now have a GBX 855 ($13.65) price target on the stock. Separately, 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 ($12.40) price target on the stock. Finally, 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 ($13.25) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 814.02 ($13.00).
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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