UBM Plc Receives Average Recommendation of “Buy” from Analysts (LON:UBM)
UBM Plc (LON:UBM) has been given an average recommendation of “Buy” by the twenty-four ratings firms that are covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 739.29 ($12.40).
UBM Plc (LON:UBM) opened at 606.50 on Wednesday. UBM Plc has a 1-year low of GBX 593.50 and a 1-year high of GBX 756.00. The stock’s 50-day moving average is GBX 643. and its 200-day moving average is GBX 667.3. The company’s market cap is £1.491 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 9th. Stockholders of record on Wednesday, August 20th will be paid a dividend of GBX 6.80 ($0.11) per share. This represents a dividend yield of 1.09%. The ex-dividend date is Wednesday, August 20th.
A number of analysts have recently weighed in on UBM shares. Analysts at Westhouse Securities cut their price target on shares of UBM Plc from GBX 755 ($12.67) to GBX 695 ($11.66) in a research note on Tuesday, August 5th. They now have an “add” rating on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of UBM Plc from GBX 720 ($12.08) to GBX 670 ($11.24) in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of UBM Plc in a research note on Monday, August 4th. They now have a GBX 870 ($14.59) price target on the stock.
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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