UBM (LON:UBM) Rating Reaffirmed
Equities researchers at Morgan Stanley now has a GBX 600 target PPS on UBM (LON:UBM). Morgan Stanley and their recent target PPS may suggest a potential upside of 24.33% from the company’s closing share price. The rating has been revealed in a recent research report on Tuesday, 15 December.
From a total of 20 analysts covering UBM Plc (LON:UBM) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is GBX 710 while the lowest target price is GBX 470. The mean of all analyst targets is GBX 573.2 with a 18.93% above today’s (GBX 484.9) stock price. UBM Plc was the topic of 54 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 11 with “Neutral” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 510 target share price in a report from a November 11. Nomura maintained UBM stock in a recent report from December 3 with “Neutral” rating. JP Morgan maintained the rating on November 11. JP Morgan has a “Overweight” rating and a GBX 605 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 11.
Approximately 458,451 shares of stock traded hands. UBM Plc (LON:UBM) has declined 14.22% since May 18, 2015 and is downtrending. It has underperformed by 10.54% the S&P500.
UBM plc is a global business-to-business marketing services and communications company, whose primary focus is Events. The company has a market cap of 2.15 billion GBP. The Firm operates in three business divisions: Events, Other Marketing Services and PR Newswire. It has 19.34 P/E ratio. The Company’s Events segment organizes tradeshows and other live in person events, which enable businesses to do business, transact, learn and network as part of a professional or commercial community.