UBM Receives Hold Rating from Deutsche Bank (UBM)
UBM (LON:UBM)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Monday, AR Network reports. They currently have a GBX 750 ($12.13) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 9.41% from the stock’s previous close.
UBM (LON:UBM) traded down 0.22% on Monday, hitting GBX 685.50. The stock had a trading volume of 359,083 shares. UBM has a 1-year low of GBX 627.00 and a 1-year high of GBX 795.00. The stock has a 50-day moving average of GBX 711.9 and a 200-day moving average of GBX 704.3. The company’s market cap is £1.679 billion.
A number of other firms have also recently commented on UBM. Analysts at Canaccord Genuity cut their price target on shares of UBM from GBX 745 ($12.05) to GBX 725 ($11.73) in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of UBM in a research note to investors on Wednesday, October 23rd. They now have a GBX 820 ($13.27) price target on the stock. Finally, analysts at Barclays cut their price target on shares of UBM from GBX 830 ($13.43) to GBX 810 ($13.10) in a research note to investors on Wednesday, October 23rd. They now have an “overweight” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 793.36 ($12.84).
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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