Ascential’s (ASCL) Buy Rating Reaffirmed at Berenberg Bank
Berenberg Bank reaffirmed their buy rating on shares of Ascential (LON:ASCL) in a research report report published on Thursday, Digital Look reports. They currently have a GBX 470 ($6.14) target price on the stock.
A number of other brokerages have also recently weighed in on ASCL. Barclays reiterated an equal weight rating on shares of Ascential in a research note on Tuesday, July 23rd. Macquarie started coverage on Ascential in a research note on Friday, June 7th. They issued an outperform rating and a GBX 540 ($7.06) price objective for the company. Morgan Stanley upgraded Ascential to an overweight rating and set a GBX 400 ($5.23) price objective for the company in a research note on Friday, July 12th. Numis Securities reiterated a buy rating on shares of Ascential in a research note on Friday, June 14th. Finally, Peel Hunt reiterated a buy rating on shares of Ascential in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 459.50 ($6.00).
ASCL stock traded up GBX 8.80 ($0.11) during trading on Thursday, hitting GBX 386.40 ($5.05). 194,161 shares of the company’s stock were exchanged, compared to its average volume of 1,060,000. The business has a 50-day moving average price of GBX 379.52 and a two-hundred day moving average price of GBX 368.06. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 7.67. Ascential has a 52-week low of GBX 335.60 ($4.39) and a 52-week high of GBX 435.80 ($5.69). The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 57.98.
Ascential Company Profile
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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