UBM Plc (UBM) Receives Average Rating of “Hold” from Brokerages
UBM Plc (LON:UBM) has been given an average rating of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 766.93 ($10.08).
UBM has been the subject of several recent analyst reports. Peel Hunt upgraded UBM Plc to a “buy” rating and set a GBX 760 ($9.99) price target for the company in a research note on Monday, September 4th. Shore Capital reiterated a “buy” rating on shares of UBM Plc in a research note on Tuesday, August 22nd. Barclays PLC decreased their price target on UBM Plc from GBX 755 ($9.93) to GBX 740 ($9.73) and set an “equal weight” rating for the company in a research note on Friday, July 7th. Credit Suisse Group reiterated an “outperform” rating on shares of UBM Plc in a research note on Friday, July 21st. Finally, Berenberg Bank decreased their price target on UBM Plc from GBX 700 ($9.20) to GBX 650 ($8.55) and set a “sell” rating for the company in a research note on Wednesday, August 2nd.
In other news, insider Warren Finegold acquired 20,000 shares of UBM Plc stock in a transaction on Friday, July 28th. The stock was bought at an average price of GBX 703 ($9.24) per share, for a total transaction of £140,600 ($184,854.06). Insiders acquired a total of 20,066 shares of company stock valued at $14,104,964 in the last quarter.
UBM Plc (LON UBM) opened at 693.00 on Thursday. The company’s 50-day moving average price is GBX 670.53 and its 200 day moving average price is GBX 703.07. UBM Plc has a 52-week low of GBX 639.00 and a 52-week high of GBX 777.50. The firm’s market capitalization is GBX 2.73 billion.
The firm also recently announced a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 7th will be paid a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.78%.
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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