UBM Plc Receives Average Rating of “Buy” from Brokerages (LON:UBM)
Shares of UBM Plc (LON:UBM) have received an average rating of “Buy” from the twenty-four analysts that are presently covering the company, American Banking News.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 739.29 ($12.40).
A number of research firms have recently commented on UBM. 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.
Shares of UBM Plc (LON:UBM) opened at 626.00 on Wednesday. UBM Plc has a one year low of GBX 593.50 and a one year high of GBX 756.00. The stock’s 50-day moving average is GBX 640.6 and its 200-day moving average is GBX 666.0. The company’s market cap is £1.538 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 9th. Stockholders of record on Wednesday, August 20th will be given a dividend of GBX 6.80 ($0.11) per share. This represents a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 20th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.