UBM Plc’s “Neutral” Rating Reaffirmed at Credit Suisse (UBM)
UBM Plc (LON:UBM)‘s stock had its “neutral” rating restated by Credit Suisse in a research note issued on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 735 ($12.35) price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 9.29% from the stock’s previous close.
Shares of UBM Plc (LON:UBM) traded up 2.99% on Tuesday, hitting GBX 672.50. 1,105,203 shares of the company’s stock traded hands. UBM Plc has a one year low of GBX 619.00 and a one year high of GBX 759.00. The stock has a 50-day moving average of GBX 673.5 and a 200-day moving average of GBX 684.5. The company’s market cap is £1.650 billion.
A number of other analysts have also recently weighed in on UBM. Analysts at Investec reiterated a “buy” rating on shares of UBM Plc in a research note on Tuesday. They now have a GBX 760 ($12.77) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of UBM Plc in a research note on Tuesday. They now have a GBX 755 ($12.68) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of UBM Plc in a research note on Monday. They now have a GBX 840 ($14.11) price target on the stock. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. UBM Plc presently has an average rating of “Buy” and an average price target of GBX 744.62 ($12.51).
UBM plc is an events-led marketing and communications services business. The Company operates in three business areas: Events, Communications Services (LON:UBM) and Marketing Services.
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