Ascential PLC (ASCL) Earns Buy Rating from Berenberg Bank
Berenberg Bank reissued their buy rating on shares of Ascential PLC (LON:ASCL) in a research report released on Thursday morning. Berenberg Bank currently has a GBX 400 ($5.26) price objective on the stock.
Several other equities research analysts have also commented on ASCL. Deutsche Bank AG lowered shares of Ascential PLC to a hold rating and boosted their target price for the stock from GBX 330 ($4.34) to GBX 350 ($4.60) in a research report on Thursday, June 15th. Peel Hunt reiterated a hold rating and issued a GBX 325 ($4.27) price objective on shares of Ascential PLC in a research report on Friday, June 16th. Numis Securities Ltd reiterated a buy rating and issued a GBX 375 ($4.93) price objective on shares of Ascential PLC in a research report on Monday, July 3rd. Citigroup Inc. reiterated a buy rating and issued a GBX 375 ($4.93) price objective on shares of Ascential PLC in a research report on Tuesday, July 4th. Finally, BNP Paribas upgraded shares of Ascential PLC to an outperform rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Ascential PLC currently has a consensus rating of Buy and a consensus price target of GBX 366.63 ($4.82).
Ascential PLC (ASCL) opened at 352.70 on Thursday. Ascential PLC has a 12-month low of GBX 255.20 and a 12-month high of GBX 392.00. The firm’s 50-day moving average is GBX 360.12 and its 200 day moving average is GBX 344.90. The stock’s market capitalization is GBX 1.41 billion.
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The firm also recently disclosed a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were given a GBX 1.80 ($0.02) dividend. The ex-dividend date was Thursday, August 31st. This represents a dividend yield of 0.51%.
Ascential PLC Company Profile
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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