Credit Suisse Group AG Reaffirms “Outperform” Rating for UBM Plc (UBM)

Credit Suisse Group AG reaffirmed their outperform rating on shares of UBM Plc (LON:UBM) in a research note released on Friday morning. They currently have a GBX 725 ($8.97) price objective on the stock.

Other equities analysts have also recently issued research reports about the company. BNP Paribas reaffirmed a neutral rating and set a GBX 680 ($8.42) target price on shares of UBM Plc in a research note on Monday, August 1st. Barclays PLC reaffirmed an equal weight rating and set a GBX 650 ($8.04) target price on shares of UBM Plc in a research note on Wednesday, July 27th. Peel Hunt reaffirmed an add rating and set a GBX 580 ($7.18) target price on shares of UBM Plc in a research note on Sunday, June 19th. Canaccord Genuity reissued a buy rating and issued a GBX 700 ($8.66) price target on shares of UBM Plc in a research note on Friday, July 29th. Finally, Goldman Sachs Group Inc. boosted their price target on UBM Plc from GBX 718.80 ($8.90) to GBX 771 ($9.54) and gave the company a buy rating in a research note on Monday, August 8th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. UBM Plc currently has a consensus rating of Hold and an average price target of GBX 676.47 ($8.37).

Shares of UBM Plc (LON:UBM) opened at 732.50 on Friday. The company’s market cap is GBX 2.87 billion. The company has a 50 day moving average of GBX 714.03 and a 200-day moving average of GBX 669.06. UBM Plc has a 52 week low of GBX 471.20 and a 52 week high of GBX 750.01.

The company also recently announced a dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 8th were paid a GBX 5.40 ($0.07) dividend. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 0.81%.

About UBM Plc

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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