UBM (UBM) PT Raised to GBX 879 at JPMorgan Chase & Co.
UBM (LON:UBM) had its target price hoisted by JPMorgan Chase & Co. from GBX 838 ($11.20) to GBX 879 ($11.75) in a note issued to investors on Thursday, November 30th. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 17.67% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Peel Hunt raised shares of UBM to a “buy” rating and set a GBX 760 ($10.16) target price for the company in a report on Monday, September 4th. Citigroup reaffirmed a “buy” rating on shares of UBM in a report on Wednesday, November 8th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 825 ($11.03) price objective on shares of UBM in a research note on Friday, November 24th. Liberum Capital reissued a “buy” rating and issued a GBX 840 ($11.23) price objective on shares of UBM in a research note on Tuesday, November 14th. Finally, Shore Capital reissued a “buy” rating on shares of UBM in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 776.27 ($10.38).
Shares of UBM (UBM) traded down GBX 2 ($0.03) during mid-day trading on Thursday, reaching GBX 747 ($9.99). 182,878 shares of the company’s stock were exchanged, compared to its average volume of 769,453. UBM has a twelve month low of GBX 639 ($8.54) and a twelve month high of GBX 777.50 ($10.40). The stock has a market capitalization of $2,950.00 and a PE ratio of 3,247.83.
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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