UBM Plc Receives “Buy” Rating from Societe Generale (UBM)
UBM Plc (LON:UBM)‘s stock had its “buy” rating restated by investment analysts at Societe Generale in a note issued to investors on Wednesday. They currently have a GBX 870 ($14.59) price target on the stock. Societe Generale’s price target suggests a potential upside of 32.12% from the company’s current price.
UBM Plc (LON:UBM) opened at 653.50 on Wednesday. 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 660.4 and a 200-day moving average of GBX 677.0. The company’s market cap is £1.603 billion.
A number of other analysts have also recently weighed in on UBM. Analysts at Investec cut their price target on shares of UBM Plc from GBX 760 ($12.74) to GBX 743 ($12.46) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of UBM Plc in a research note on Wednesday, April 30th. They now have a GBX 790 ($13.24) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of UBM Plc in a research note on Wednesday, April 30th. They now have a GBX 740 ($12.41) price target on the stock. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 743 ($12.46).
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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