Reaffirmed: UBM Plc (LON:UBM) Neutral Rating Reconfirmed by Nomura; GBX 560.00 Target in Place

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UBM Plc (LON:UBM) Rating Reaffirmed

Nomura now has a GBX 560.00 TP on the 2.14B GBP market cap company or 10.78% upside potential. In a note issued to clients on Wednesday, 16 December, UBM Plc (LON:UBM) shares have had their Neutral Rating reiterated by analysts at Nomura.

From a total of 17 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 578.82 with a 14.23% above today’s (GBX 505.5) stock price. UBM Plc was the topic of 60 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 16 with “Neutral” rating. Liberum Capital maintained shares with “Buy” rating and GBX 700 target share price in a report from a December 15. Canaccord Genuity maintained UBM stock in a recent report from December 15 with “Buy” rating. BNP Paribas maintained the rating on December 11. BNP Paribas has a “Neutral” rating and a GBX 530 price target on shares. Finally, Peel Hunt maintained the stock with “Buy” rating in a report issued on a December 15.

Approximately 272,756 shares of stock traded hands. UBM Plc (LON:UBM) has declined 9.91% since May 19, 2015 and is downtrending. It has underperformed by 7.29% the S&P500.

Reaffirmed: UBM Plc (LON:UBM) Neutral Rating Reconfirmed by Nomura; GBX 560.00 Target in Place

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 2.14 billion GBP. The Firm operates in three business divisions: Events, Other Marketing Services and PR Newswire. It has 20.16 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.

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