UBM Stock Rating Reaffirmed by Goldman Sachs Group Inc. (UBM)
UBM (LON:UBM)‘s stock had its “conviction-buy” rating reaffirmed by research analysts at Goldman Sachs Group Inc. in a report released on Monday, Stock Ratings News reports. They currently have a GBX 900 ($14.79) target price on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 31.58% from the company’s current price.
Shares of UBM (LON:UBM) traded up 0.59% on Monday, hitting GBX 684.00. 1,222,517 shares of the company’s stock traded hands. 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 676.4 and a 200-day moving average of GBX 696.5. The company’s market cap is £1.675 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon raised their price target on shares of UBM from GBX 900 ($14.79) to GBX 940 ($15.45) in a research note to investors on Tuesday, January 28th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of UBM in a research note to investors on Monday, January 27th. They now have a GBX 780 ($12.82) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of UBM from GBX 850 ($13.97) to GBX 820 ($13.48) in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 776.75 ($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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