UBM Price Target Cut to GBX 840 by Analysts at Liberum Capital (UBM)
Liberum Capital cut their price objective on shares of UBM (LON:UBM) from GBX 890 ($14.39) to GBX 840 ($13.58) in a research note issued on Wednesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 23.35% from the company’s current price.
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 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 718.9 and its 200-day moving average is GBX 705.0. The company’s market cap is £1.668 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of UBM in a research note to investors on Tuesday, October 22nd. They now have a GBX 700 ($11.32) price target on the stock. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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