Shore Capital reissued their buy rating on shares of UBM Plc (LON:UBM) in a research note published on Friday morning.
Other research analysts have also issued research reports about the company. Peel Hunt reaffirmed an add rating and set a GBX 760 ($9.90) price objective on shares of UBM Plc in a research report on Wednesday, May 17th. Citigroup Inc. reaffirmed a buy rating and set a GBX 905 ($11.79) price objective on shares of UBM Plc in a research report on Wednesday, July 26th. Liberum Capital raised their price objective on UBM Plc from GBX 800 ($10.42) to GBX 840 ($10.94) and gave the company a buy rating in a research report on Tuesday, April 4th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of UBM Plc in a research report on Thursday, May 18th. Finally, Goldman Sachs Group, Inc. (The) raised UBM Plc to a buy rating and reduced their price objective for the company from GBX 857 ($11.16) to GBX 845 ($11.01) in a research report on Monday, July 24th. Two research 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’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 771.80 ($10.05).
Shares of UBM Plc (LON UBM) opened at 716.00 on Friday. The company’s market cap is GBX 2.82 billion. The stock’s 50 day moving average price is GBX 699.16 and its 200 day moving average price is GBX 721.27. UBM Plc has a 12-month low of GBX 622.50 and a 12-month high of GBX 777.50.
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The company also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 7th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.78%.
In other news, insider Tim Cobbold sold 112,666 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of GBX 702 ($9.15), for a total value of £790,915.32 ($1,030,374.31). Also, insider Warren Finegold purchased 20,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average price of GBX 703 ($9.16) per share, for a total transaction of £140,600 ($183,168.32). Over the last 90 days, insiders bought 21,043 shares of company stock worth $14,809,138.
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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