Peel Hunt lowered shares of UBM Plc (LON:UBM) to a hold rating in a research report sent to investors on Monday morning. Peel Hunt currently has GBX 700 ($9.14) price objective on the stock, up from their prior price objective of GBX 650 ($8.48).
Several other research analysts have also commented on UBM. BNP Paribas boosted their price target on UBM Plc from GBX 520 ($6.79) to GBX 550 ($7.18) and gave the stock a neutral rating in a research report on Wednesday, June 1st. Shore Capital reissued a buy rating on shares of UBM Plc in a research report on Wednesday, June 1st. Beaufort Securities reissued a buy rating on shares of UBM Plc in a research report on Thursday, June 2nd. Numis Securities Ltd boosted their price target on UBM Plc from GBX 550 ($7.18) to GBX 660 ($8.62) and gave the stock a hold rating in a research report on Friday, July 29th. Finally, Barclays PLC upped their target price on UBM Plc from GBX 650 ($8.48) to GBX 685 ($8.94) and gave the company an equal weight rating in a research report on Tuesday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 667.50 ($8.71).
UBM Plc (LON:UBM) opened at 715.50 on Monday. The stock’s market capitalization is GBX 2817.86 billion. The firm has a 50-day moving average price of GBX 699.89 and a 200 day moving average price of GBX 664.75. UBM Plc has a 12 month low of GBX 471.20 and a 12 month high of GBX 741.00.
The firm also recently declared a dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 8th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date is Thursday, September 8th. This represents a 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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