UBM Plc Stock Rating Reaffirmed by Numis Securities Ltd (UBM)
UBM Plc (LON:UBM)‘s stock had its “hold” rating reiterated by Numis Securities Ltd in a research note issued on Friday. They currently have a GBX 710 ($12.06) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 13.69% from the stock’s previous close.
Shares of UBM Plc (LON:UBM) traded up 0.81% during mid-day trading on Friday, hitting GBX 624.50. 821,747 shares of the company’s stock traded hands. UBM Plc has a 1-year low of GBX 616.50 and a 1-year high of GBX 756.00. The stock’s 50-day moving average is GBX 653.2 and its 200-day moving average is GBX 673.2. The company’s market cap is £1.532 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 9th. Shareholders of record on Wednesday, August 20th will be paid a dividend of GBX 6.80 ($0.12) per share. This represents a dividend yield of 1.09%. The ex-dividend date is Wednesday, August 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of UBM Plc in a research note on Monday, July 28th. They now have a GBX 755 ($12.82) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of UBM Plc in a research note on Tuesday, July 22nd. They now have a GBX 775 ($13.16) price target on the stock. Finally, analysts at Panmure Gordon downgraded shares of UBM Plc to a “sell” rating in a research note on Tuesday, July 22nd. They now have a GBX 590 ($10.02) price target on the stock, down previously from GBX 940 ($15.96). 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 given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target 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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