UBM PT Lowered to GBX 820 (UBM)
Citigroup Inc. decreased their target price on shares of UBM (LON:UBM) from GBX 850 ($14.01) to GBX 820 ($13.51) in a research note issued on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 16.39% from the stock’s previous close.
A number of other firms have also recently commented on UBM. Analysts at Numis Securities Ltd cut their price target on shares of UBM from GBX 732 ($12.06) to GBX 710 ($11.70) in a research note to investors on Monday, January 13th. They now have a “hold” rating on the stock. Separately, analysts at HSBC upgraded shares of UBM to an “overweight” rating in a research note to investors on Monday, January 13th. They now have a GBX 790 ($13.02) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of UBM in a research note to investors on Monday, January 13th. They now have a GBX 710 ($11.70) price target on the stock. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. UBM presently has a consensus rating of “Buy” and an average price target of GBX 770.52 ($12.70).
UBM (LON:UBM) traded up 1.00% on Monday, hitting GBX 704.50. The stock had a trading volume of 958,494 shares. UBM has a 52 week low of GBX 619.00 and a 52 week high of GBX 795.00. The stock’s 50-day moving average is GBX 673.2 and its 200-day moving average is GBX 696.4. The company’s market cap is £1.725 billion.
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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