UBM (LON:UBM) Receives Hold Rating from Liberum Capital

Liberum Capital reiterated their hold rating on shares of UBM (LON:UBM) in a report issued on Wednesday, February 28th. Liberum Capital currently has a GBX 910 ($12.57) target price on the stock.

A number of other research firms also recently issued reports on UBM. Shore Capital reiterated a buy rating on shares of UBM in a research report on Wednesday, January 17th. Peel Hunt increased their price target on shares of UBM from GBX 760 ($10.50) to GBX 810 ($11.19) and gave the company a buy rating in a research report on Wednesday, January 17th. Citigroup reaffirmed a buy rating on shares of UBM in a report on Wednesday, November 8th. Kepler Capital Markets reissued a hold rating and issued a GBX 750 ($10.36) price target on shares of UBM in a report on Monday, November 20th. Finally, Deutsche Bank upped their price objective on shares of UBM from GBX 725 ($10.02) to GBX 830 ($11.47) and gave the stock a hold rating in a research report on Monday, December 4th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 868.36 ($12.00).

UBM (UBM) traded up GBX 1.50 ($0.02) during midday trading on Wednesday, hitting GBX 941 ($13.00). 624,123 shares of the stock were exchanged, compared to its average volume of 1,740,000. UBM has a one year low of GBX 639 ($8.83) and a one year high of GBX 944.50 ($13.05). The firm has a market cap of $3,710.00 and a PE ratio of 2,688.57.

The business also recently declared a dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, April 19th will be given a GBX 18 ($0.25) dividend. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from UBM’s previous dividend of $5.50.

In other UBM news, insider Terry Neil acquired 585 shares of UBM stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of GBX 919 ($12.70) per share, for a total transaction of £5,376.15 ($7,427.67). Also, insider Tim Cobbold sold 117,272 shares of UBM stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of GBX 930 ($12.85), for a total value of £1,090,629.60 ($1,506,810.72). In the last ninety days, insiders bought 642 shares of company stock valued at $583,370.

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UBM 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.

Analyst Recommendations for UBM (LON:UBM)

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