UBM Plc (UBM) Given Consensus Recommendation of “Hold” by Analysts
Shares of UBM Plc (LON:UBM) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 766.21 ($9.95).
A number of research firms recently issued reports on UBM. Shore Capital restated a “buy” rating on shares of UBM Plc in a report on Wednesday, May 17th. Peel Hunt restated an “add” rating and set a GBX 760 ($9.87) price objective on shares of UBM Plc in a report on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and set a GBX 905 ($11.75) price objective on shares of UBM Plc in a report on Wednesday, July 26th. J P Morgan Chase & Co boosted their price objective on UBM Plc from GBX 820 ($10.65) to GBX 822 ($10.67) and gave the company a “neutral” rating in a report on Monday, July 31st. Finally, Liberum Capital restated a “buy” rating and set a GBX 840 ($10.90) price objective on shares of UBM Plc in a report on Wednesday, May 17th.
In other news, insider Tim Cobbold sold 112,666 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of GBX 702 ($9.11), for a total value of £790,915.32 ($1,026,762.72). Also, insider Warren Finegold purchased 20,000 shares of UBM Plc stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of GBX 703 ($9.13) per share, with a total value of £140,600 ($182,526.29). Over the last three months, insiders bought 20,070 shares of company stock valued at $14,109,320.
UBM Plc (UBM) opened at 692.00 on Wednesday. UBM Plc has a one year low of GBX 668.00 and a one year high of GBX 777.50. The company’s market cap is GBX 2.72 billion. The company has a 50-day moving average of GBX 697.77 and a 200-day moving average of GBX 719.68.
The business also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 7th will be given a GBX 5.50 ($0.07) dividend. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 7th.
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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