UBM’s (UBM) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of UBM (LON:UBM) in a report issued on Monday. They currently have a GBX 760 ($10.23) price objective on the stock.

Other research analysts have also recently issued reports about the company. Kepler Capital Markets reaffirmed a hold rating and issued a GBX 750 ($10.09) price target on shares of UBM in a report on Monday, November 20th. J P Morgan Chase & Co raised UBM to an overweight rating and lifted their price target for the company from GBX 822 ($11.06) to GBX 838 ($11.28) in a report on Thursday, November 2nd. Shore Capital reaffirmed a buy rating on shares of UBM in a report on Thursday, November 9th. Liberum Capital cut UBM to a hold rating and cut their price target for the company from GBX 840 ($11.31) to GBX 760 ($10.23) in a report on Friday, November 24th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 825 ($11.10) price target on shares of UBM in a report on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 776.27 ($10.45).

UBM (LON:UBM) opened at GBX 744 ($10.01) on Monday. UBM has a twelve month low of GBX 639 ($8.60) and a twelve month high of GBX 777.50 ($10.46).

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About UBM

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.

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