Ascential’s (ASCL) Buy Rating Reiterated at Deutsche Bank
Deutsche Bank reiterated their buy rating on shares of Ascential (LON:ASCL) in a report released on Friday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also weighed in on ASCL. Numis Securities restated a buy rating and set a GBX 3,600 ($47.04) price objective on shares of in a research note on Friday, June 14th. Shore Capital restated a buy rating on shares of Ascential in a research note on Friday, June 14th. Goldman Sachs Group restated a buy rating on shares of WPP in a research note on Monday, June 3rd. Barclays lowered to an underweight rating and set a GBX 4,400 ($57.49) price objective for the company. in a research note on Tuesday, June 18th. Finally, Peel Hunt restated a buy rating and set a GBX 60 ($0.78) price objective on shares of Renewi in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Ascential has an average rating of Buy and a consensus target price of GBX 466.11 ($6.09).
Shares of LON ASCL opened at GBX 375.60 ($4.91) on Friday. Ascential has a fifty-two week low of GBX 335.60 ($4.39) and a fifty-two week high of GBX 469 ($6.13). The company’s 50 day simple moving average is GBX 369.56. The company has a current ratio of 1.41, a quick ratio of 1.33 and a debt-to-equity ratio of 53.37. The firm has a market cap of $1.51 billion and a price-to-earnings ratio of 7.29.
Ascential plc provides business-to-business information services for product design, marketing, sales, and built environment and policy in the United Kingdom and internationally. It offers industry-specific business intelligence, insights, and forecasting through data and digital subscription tools. The company was formerly known as Trident Floatco PLC and changed its name to Ascential plc in January 2016.
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