Ascential PLC (ASCL) Rating Lowered to Add at Peel Hunt
Ascential PLC (LON:ASCL) was downgraded by investment analysts at Peel Hunt to an “add” rating in a research report issued on Tuesday. They presently have a GBX 290 ($3.60) target price on the stock, up from their prior target price of GBX 285 ($3.54). Peel Hunt’s price target indicates a potential upside of 4.91% from the company’s current price.
Several other equities analysts also recently commented on the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 290 ($3.60) price objective on shares of Ascential PLC in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. boosted their price objective on Ascential PLC from GBX 278 ($3.45) to GBX 292 ($3.62) and gave the company a “buy” rating in a research report on Monday, August 8th. Numis Securities Ltd restated a “buy” rating and issued a GBX 350 ($4.34) price objective on shares of Ascential PLC in a research report on Thursday, August 25th. Finally, BNP Paribas boosted their price objective on Ascential PLC from GBX 235 ($2.92) to GBX 250 ($3.10) and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 294.40 ($3.65).
Ascential PLC (LON:ASCL) opened at 273.80 on Tuesday. The company’s 50-day moving average price is GBX 285.96 and its 200 day moving average price is GBX 262.09. Ascential PLC has a 52-week low of GBX 199.00 and a 52-week high of GBX 310.50. The company’s market capitalization is GBX 599.07 million.
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Ascential PLC Company Profile
Ascential plc is a United Kingdom-based business-to-business media company with a focus on essential products that connect and inform business professionals. The Company operates through two segments: Exhibitions & Festival, and Information Services. Its Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact, with key products, including Cannes Lions, Spring/Autumn Fair, Money20/20 and Bett.
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