UBM Plc Upgraded to “Buy” at Westhouse Securities (UBM)
UBM Plc (LON:UBM) was upgraded by equities research analysts at Westhouse Securities to a “buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 880 ($14.79) target price on the stock, up from their previous target price of GBX 755 ($12.69). Westhouse Securities’ price target would indicate a potential upside of 32.83% from the company’s current price.
UBM Plc (LON:UBM) opened at 656.50 on Friday. UBM Plc has a 52-week low of GBX 619.00 and a 52-week high of GBX 759.00. The stock’s 50-day moving average is GBX 659.7 and its 200-day moving average is GBX 675.. The company’s market cap is £1.611 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of UBM Plc in a research note on Wednesday, June 4th. They now have a GBX 870 ($14.63) price target on the stock. Separately, analysts at Investec cut their price target on shares of UBM Plc from GBX 760 ($12.78) to GBX 743 ($12.49) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 749.25 ($12.60).
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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