The stock of UBM Plc (LON:UBM) gapped up by GBX 1 today and has GBX 750.49 target or 8.00% above today’s GBX 694.90 share price. The 6 months technical chart setup indicates low risk for the GBX 2.74B company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 750.49 price target is reached, the company will be worth GBX 219.20M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock decreased 0.02% or GBX 0.1 on November 23, hitting GBX 694.9. About 1.39 million shares traded hands or 34.95% up from the average. UBM Plc (LON:UBM) has risen 5.33% since April 26, 2016 and is uptrending. It has outperformed by 0.00% the S&P500.
UBM Plc (LON:UBM) Ratings Coverage
Out of 22 analysts covering UBM Plc (LON:UBM), 9 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 41% are positive. GBX 815 is the highest target while GBX 470 is the lowest. The GBX 671.50 average target is -3.37% below today’s (GBX 694.9) stock price. UBM Plc has been the topic of 125 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, November 10 the stock rating was maintained by Peel Hunt with “Hold”. The firm has “Equal Weight” rating given on Tuesday, July 12 by Morgan Stanley. BNP Paribas maintained the stock with “Neutral” rating in Wednesday, November 11 report. BNP Paribas maintained it with “Neutral” rating and GBX 550 target price in Wednesday, January 6 report. The rating was maintained by Liberum Capital with “Buy” on Tuesday, November 10. Citigroup maintained the stock with “Neutral” rating in Friday, May 13 report. Peel Hunt maintained UBM Plc (LON:UBM) rating on Monday, June 13. Peel Hunt has “Add” rating and GBX 580 price target. The company was maintained on Wednesday, November 11 by Barclays Capital. As per Friday, July 31, the company rating was maintained by N+1 Singer. The stock of UBM Plc (LON:UBM) earned “Buy” rating by Canaccord Genuity on Thursday, February 25.
More recent UBM Plc (LON:UBM) news were published by: Prnewswire.com which released: “UBM plc announces the sale of PR Newswire to Cision for $841m and proposes to …” on December 15, 2015. Also Crainscleveland.com published the news titled: “Content Marketing Institute of Cleveland sold to UBM plc for $17.6 million” on June 01, 2016. Businesswire.com‘s news article titled: “Advanstar to Be Acquired by UBM plc for $972 Million” with publication date: October 01, 2014 was also an interesting one.
UBM plc is a business-to-business event organizer. The company has a market cap of 2.74 billion GBP. The Firm provides services and products to a range of specialist professional and commercial communities. It has a 30.07 P/E ratio. The Firm operates through two divisions, including Events, which organizes tradeshows and other live in person events that enable businesses to do business, transact, learn and network as part of a professional or commercial community, and Other Marketing Services, which includes Marketing Services-Online and Marketing Services-Print and offers a range of sector specific digital and print products, such as community Websites, digital directories and print publications.
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