Deutsche Bank reaffirmed their hold rating on shares of UBM (LON:UBM) in a report issued on Friday.
A number of other equities analysts have also issued reports on UBM. BNP Paribas reissued an outperform rating on shares of UBM in a research report on Thursday, April 5th. Peel Hunt reissued an add rating on shares of UBM in a research report on Wednesday, April 4th. Liberum Capital reissued a hold rating and set a GBX 910 ($12.86) price target on shares of UBM in a research report on Tuesday, January 30th. Berenberg Bank raised shares of UBM to a hold rating and raised their price target for the stock from GBX 675 ($9.54) to GBX 930 ($13.14) in a research report on Thursday, March 8th. Finally, Shore Capital reissued a hold rating on shares of UBM in a research report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. UBM presently has an average rating of Hold and a consensus target price of GBX 868.36 ($12.27).
UBM opened at GBX 947 ($13.39) on Friday. UBM has a 12-month low of GBX 639 ($9.03) and a 12-month high of GBX 957.50 ($13.53).
The company also recently announced a dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, April 19th will be issued a dividend of GBX 18 ($0.25) per share. This represents a dividend yield of 1.96%. This is a positive change from UBM’s previous dividend of $5.50. The ex-dividend date of this dividend is Thursday, April 19th.
In other news, insider Tim Cobbold sold 117,272 shares of UBM stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of GBX 930 ($13.14), for a total transaction of £1,090,629.60 ($1,541,525.94). Also, insider Terry Neil bought 585 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of GBX 919 ($12.99) per share, with a total value of £5,376.15 ($7,598.80). Over the last ninety days, insiders have bought 638 shares of company stock valued at $583,286.
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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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