UBM Given New GBX 720 Price Target at Nomura (UBM)
Investment analysts at Nomura reduced their target price on shares of UBM (LON:UBM) from GBX 740 ($12.16) to GBX 720 ($11.83) in a note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Nomura’s price target points to a potential upside of 6.90% from the company’s current price.
UBM (LON:UBM) traded down 1.54% on Tuesday, hitting GBX 673.50. 570,660 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’s 50-day moving average is GBX 676.3 and its 200-day moving average is GBX 696.3. The company’s market cap is £1.649 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of UBM in a research note to investors on Monday. They now have a GBX 870 ($14.30) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of UBM in a research note to investors on Monday. They now have a GBX 900 ($14.79) price target on the stock. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 775.92 ($12.75).
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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