UBM Plc (LON:UBM) PT Lowered to GBX 650

UBM Plc (LON:UBM) had its price objective dropped by research analysts at Berenberg Bank from GBX 700 ($9.12) to GBX 650 ($8.46) in a research report issued to clients and investors on Wednesday, August 2nd, Marketbeat reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 6.88% from the stock’s previous close.

UBM has been the topic of several other reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 760 ($9.90) price target on shares of UBM Plc in a report on Wednesday, May 17th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 905 ($11.79) price target on shares of UBM Plc in a report on Friday, May 5th. Shore Capital reaffirmed a “buy” rating on shares of UBM Plc in a report on Wednesday, April 19th. Liberum Capital lifted their price target on shares of UBM Plc from GBX 800 ($10.42) to GBX 840 ($10.94) and gave the stock a “buy” rating in a report on Tuesday, April 4th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of UBM Plc in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 768.47 ($10.01).

UBM Plc (LON:UBM) opened at 698.00 on Wednesday. The company’s market cap is GBX 2.75 billion. UBM Plc has a 52-week low of GBX 668.00 and a 52-week high of GBX 777.50. The firm’s 50-day moving average price is GBX 697.66 and its 200-day moving average price is GBX 719.99.

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In related news, insider John McConnell purchased 973 shares of the stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of GBX 719 ($9.36) per share, for a total transaction of £6,995.87 ($9,110.39). Also, insider Tim Cobbold sold 112,666 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of GBX 702 ($9.14), for a total value of £790,915.32 ($1,029,971.77). Insiders have acquired 21,043 shares of company stock valued at $14,809,138 over the last ninety days.

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.