UBM Plc (UBM) Receives Average Recommendation of “Hold” from Brokerages
UBM Plc (LON:UBM) has been given a consensus rating of “Hold” by the twenty-one analysts that are currently covering the stock. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 686.94 ($8.50).
A number of equities analysts have issued reports on the company. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 725 ($8.97) target price on shares of UBM Plc in a research report on Friday. Peel Hunt lowered UBM Plc to a “hold” rating and upped their price target for the company from GBX 650 ($8.04) to GBX 700 ($8.66) in a research report on Monday, September 26th. Barclays PLC upped their price target on UBM Plc from GBX 685 ($8.48) to GBX 725 ($8.97) and gave the company an “equal weight” rating in a research report on Monday, October 3rd. Deutsche Bank AG reissued a “hold” rating and set a GBX 700 ($8.66) price target on shares of UBM Plc in a research report on Tuesday, September 6th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 800 ($9.90) price target on shares of UBM Plc in a research report on Tuesday, August 16th.
Shares of UBM Plc (LON:UBM) traded down 1.28% during midday trading on Tuesday, hitting GBX 734.50. 935,868 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 711.40 and a 200 day moving average of GBX 668.30. The stock’s market cap is GBX 2.88 billion. UBM Plc has a 52 week low of GBX 471.20 and a 52 week high of GBX 750.01.
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The firm also recently declared a dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 8th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a dividend yield of 0.81%.
UBM Plc Company Profile
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.
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