Ascential PLC’s (LON:ASCL) “Add” Rating Reaffirmed at Peel Hunt
Several other research analysts also recently weighed in on ASCL. Goldman Sachs Group, Inc. (The) reduced their target price on Ascential PLC from GBX 402 ($5.22) to GBX 398 ($5.17) and set a conviction-buy rating for the company in a research note on Thursday, April 13th. Shore Capital reissued a buy rating on shares of Ascential PLC in a research note on Wednesday, April 19th. Berenberg Bank began coverage on Ascential PLC in a research note on Tuesday, April 25th. They issued a buy rating and a GBX 400 ($5.19) price objective for the company. Deutsche Bank AG downgraded Ascential PLC to a hold rating and increased their price objective for the company from GBX 330 ($4.28) to GBX 350 ($4.54) in a research note on Thursday, June 15th. Finally, Numis Securities Ltd reissued a buy rating and issued a GBX 375 ($4.87) price objective on shares of Ascential PLC in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ascential PLC currently has an average rating of Buy and an average target price of GBX 366.86 ($4.76).
Ascential PLC (LON ASCL) traded up 0.16% during trading on Monday, hitting GBX 365.70. 217,419 shares of the stock traded hands. Ascential PLC has a 12 month low of GBX 238.90 and a 12 month high of GBX 376.20. The company has a 50-day moving average price of GBX 345.32 and a 200-day moving average price of GBX 329.68. The stock’s market cap is GBX 1.46 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of GBX 1.80 ($0.02) per share. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, August 31st.
In other news, insider Paul Harrison bought 2,820 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of GBX 351 ($4.56) per share, with a total value of £9,898.20 ($12,849.80).
About Ascential PLC
Ascential plc is an international business-to-business media company. The Company is focused on essential products that connect and inform business professionals. It operates through two segments: Exhibitions & Festivals, and Information Services. The Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact.
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