UBM Downgraded to Add at Westhouse Securities (UBM)
UBM (LON:UBM) was downgraded by stock analysts at Westhouse Securities to an “add” rating in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 755 ($12.44) price objective on the stock. Westhouse Securities’ price objective would suggest a potential upside of 6.19% from the stock’s previous close.
UBM (LON:UBM) opened at 713.6715 on Monday. UBM has a 52-week low of GBX 619.00 and a 52-week high of GBX 795.00. The stock has a 50-day moving average of GBX 667.0 and a 200-day moving average of GBX 693.. The company’s market cap is £1.748 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of UBM in a research note to investors on Friday, January 10th. They now have a GBX 840 ($13.84) price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of UBM in a research note to investors on Thursday, January 9th. They now have a GBX 700 ($11.54) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of UBM in a research note to investors on Wednesday, January 8th. They now have a GBX 765 ($12.61) price target on the stock. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. UBM presently has a consensus rating of “Buy” and an average target price of GBX 774 ($12.76).
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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