Barclays PLC Initiates Coverage on Ascential PLC (ASCL)
Equities research analysts at Barclays PLC began coverage on shares of Ascential PLC (LON:ASCL) in a note issued to investors on Tuesday. The firm set an “underweight” rating and a GBX 330 ($4.26) price target on the stock. Barclays PLC’s price objective indicates a potential downside of 9.76% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Peel Hunt upgraded shares of Ascential PLC to an “add” rating and set a GBX 325 ($4.20) price target on the stock in a research note on Friday, June 23rd. Shore Capital reiterated a “buy” rating on shares of Ascential PLC in a research note on Thursday, June 1st. Citigroup Inc. reiterated a “buy” rating and issued a GBX 375 ($4.84) price target on shares of Ascential PLC in a research note on Tuesday, July 4th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 375 ($4.84) price target on shares of Ascential PLC in a research note on Monday, July 3rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 400 ($5.17) price target on shares of Ascential PLC in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Ascential PLC presently has an average rating of “Buy” and a consensus price target of GBX 362.25 ($4.68).
Shares of Ascential PLC (LON:ASCL) opened at 370.60 on Tuesday. Ascential PLC has a 1-year low of GBX 255.00 and a 1-year high of GBX 392.00. The company has a 50 day moving average of GBX 366.42 and a 200 day moving average of GBX 338.87. The company’s market cap is GBX 1.48 billion.
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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