UBM Plc’s (UBM) “Outperform” Rating Reaffirmed at Credit Suisse Group AG
UBM Plc (LON:UBM)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a GBX 725 ($9.46) price objective on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 2.16% from the company’s current price.
UBM has been the subject of a number of other research reports. Deutsche Bank AG boosted their price target on UBM Plc from GBX 620 ($8.09) to GBX 700 ($9.14) and gave the stock a “hold” rating in a research report on Friday, August 19th. Peel Hunt cut UBM Plc to a “hold” rating and boosted their price target for the stock from GBX 650 ($8.48) to GBX 700 ($9.14) in a research report on Monday, September 26th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 685 ($8.94) price target on shares of UBM Plc in a research report on Wednesday, August 31st. Beaufort Securities reaffirmed a “buy” rating on shares of UBM Plc in a research report on Monday, August 1st. Finally, Canaccord Genuity boosted their price target on UBM Plc from GBX 640 ($8.35) to GBX 700 ($9.14) and gave the stock a “buy” rating in a research report on Friday, July 8th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 676.47 ($8.83).
Shares of UBM Plc (LON:UBM) traded up 0.68% on Friday, hitting GBX 741.00. The stock had a trading volume of 1,178,623 shares. UBM Plc has a 1-year low of GBX 471.20 and a 1-year high of GBX 750.02. The firm’s 50-day moving average is GBX 709.54 and its 200 day moving average is GBX 667.72. The stock’s market cap is GBX 2.90 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/ubm-plcs-ubm-outperform-rating-reaffirmed-at-credit-suisse-group-ag-2.html
The firm also recently declared a dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 8th will be given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 0.81%.
About UBM Plc
UBM plc is a business-to-business (B2B) event organizer. The Company provides products and services to a range of specialist professional and commercial communities. The Company operates through two segments, including Events, which organizes tradeshows and other live in person events that enable businesses to do business, transact, learn and network as part of a professional or commercial community, and Other Marketing Services, which includes Marketing Services-Online and Marketing Services-Print and offers a range of sector specific digital and print products, such as community Websites, digital directories and print publications.
Receive News & Ratings for UBM Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBM Plc and related companies with MarketBeat.com's FREE daily email newsletter.