UBM Plc’s Neutral Rating Reaffirmed at Credit Suisse (UBM)
UBM Plc (LON:UBM)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse in a report issued on Friday. They currently have a GBX 735 ($12.48) price target on the stock. Credit Suisse’s target price would indicate a potential upside of 18.64% from the company’s current price.
Shares of UBM Plc (LON:UBM) traded up 0.08% during mid-day trading on Friday, hitting GBX 620.00. 366,037 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 654.1 and a 200-day moving average of GBX 673.5. The company’s market cap is £1.521 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of UBM Plc in a research note on Friday. They now have a GBX 743 ($12.62) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of UBM Plc from GBX 725 ($12.31) to GBX 680 ($11.55) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of UBM Plc in a research note on Friday. They now have a GBX 710 ($12.06) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 749.05 ($12.72).
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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