UBM Plc (LON:UBM) Receives “Sell” Rating from Berenberg Bank
UBM Plc (LON:UBM)‘s stock had its “sell” rating restated by Berenberg Bank in a note issued to investors on Thursday. They presently have a GBX 700 ($9.14) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 1.23% from the company’s current price.
Several other research analysts also recently issued reports on UBM. Liberum Capital upped their price objective on UBM Plc from GBX 800 ($10.45) to GBX 840 ($10.97) and gave the stock a “buy” rating in a report on Tuesday, April 4th. Shore Capital reissued a “buy” rating on shares of UBM Plc in a research note on Wednesday, April 19th. Citigroup Inc. reissued a “buy” rating and issued a GBX 905 ($11.82) price target on shares of UBM Plc in a research note on Friday, May 5th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 800 ($10.45) price target on shares of UBM Plc in a research note on Friday, May 5th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 760 ($9.92) price target on shares of UBM Plc in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 769.67 ($10.05).
UBM Plc (LON:UBM) traded down 0.65% during mid-day trading on Thursday, hitting GBX 691.50. The stock had a trading volume of 506,488 shares. The stock has a 50 day moving average of GBX 700.77 and a 200-day moving average of GBX 722.49. UBM Plc has a 1-year low of GBX 623.50 and a 1-year high of GBX 777.50. The firm’s market cap is GBX 2.71 billion.
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In related news, insider Tim Cobbold sold 112,666 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of GBX 702 ($9.17), for a total value of £790,915.32 ($1,032,796.19). Also, insider John McConnell acquired 973 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of GBX 719 ($9.39) per share, with a total value of £6,995.87 ($9,135.37). In the last 90 days, insiders purchased 1,043 shares of company stock valued at $749,138.
UBM Plc Company Profile
UBM plc is a business-to-business (B2B) event organizer. The Company’s segments include Events and Other Marketing Services. In total, the Company serves over 50 different communities. The Company operates in over 20 countries. Events segment provide face-to-face interaction in the form of exhibitions, tradeshows, conferences and other live events.
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