UBM Given “Overweight” Rating at Morgan Stanley (UBM)
UBM (LON:UBM)‘s stock had its “overweight” rating reaffirmed by investment analysts at Morgan Stanley in a note issued to investors on Thursday, American Banking & Market News reports. They currently have a GBX 700 ($11.48) price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 5.42% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of UBM in a research note to investors on Wednesday. They now have a GBX 765 ($12.55) price target on the stock. Separately, analysts at Investec upgraded shares of UBM to a “buy” rating in a research note to investors on Tuesday. They now have a GBX 750 ($12.30) price target on the stock, up previously from GBX 690 ($11.32). Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of UBM in a research note to investors on Friday, January 3rd. They now have a GBX 900 ($14.76) price target on the stock. Nine equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 787.58 ($12.92).
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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