UBM Plc (LON:UBM) Rating Reaffirmed
Berenberg now has a GBX 560.00 Estimated Target Price on the 2.23 billion GBP market cap company or 10.89% upside potential. In a comprehensive report finalized on Friday morning, UBM Plc (LON:UBM) shares have had their “Hold” Rating maintained by equity research analysts at Berenberg.
From a total of 16 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 578.13 with a 14.34% above today’s (GBX 505.02) 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.
The stock increased 0.80% or GBX 4.02 on December 17, striking GBX 505.02. Approximately 1.33 million shares of stock traded hands or 76.61% up from the average. UBM Plc (LON:UBM) has declined 9.21% since May 21, 2015 and is downtrending. It has underperformed by 6.95% 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 2.23 billion GBP. The Firm operates in three business divisions: Events, Other Marketing Services and PR Newswire. It has 20.14 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.