UBM Price Target Cut to GBX 800 by Analysts at Nomura (UBM)
Investment analysts at Nomura dropped their price objective on shares of UBM (LON:UBM) from GBX 860 ($13.91) to GBX 800 ($12.94) in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 17.47% from the stock’s previous close.
UBM (LON:UBM) traded up 0.29% on Wednesday, hitting GBX 681.00. The stock had a trading volume of 1,139,317 shares. UBM has a one year low of GBX 627.00 and a one year high of GBX 795.00. The stock has a 50-day moving average of GBX 718.9 and a 200-day moving average of GBX 705.0. The company’s market cap is £1.668 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital cut their price target on shares of UBM from GBX 890 ($14.39) to GBX 840 ($13.58) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of UBM in a research note to investors on Tuesday, October 22nd. They now have a GBX 800 ($12.94) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of UBM in a research note to investors on Tuesday, October 22nd. They now have a GBX 690 ($11.16) price target on the stock. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 793.36 ($12.83).
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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