Ascential PLC (LON:ASCL) Receives Average Rating of “Buy” from Brokerages
Shares of Ascential PLC (LON:ASCL) have received a consensus rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 445 ($5.81).
ASCL has been the topic of several recent analyst reports. Deutsche Bank lifted their price target on Ascential from GBX 430 ($5.62) to GBX 440 ($5.75) and gave the company a “buy” rating in a research note on Wednesday, July 24th. Barclays restated an “equal weight” rating on shares of Ascential in a research report on Tuesday, July 23rd. Numis Securities restated a “buy” rating on shares of Ascential in a research report on Friday, June 14th. Shore Capital restated a “buy” rating on shares of Ascential in a research report on Wednesday, August 7th. Finally, Liberum Capital started coverage on Ascential in a research report on Thursday. They set a “hold” rating and a GBX 380 ($4.97) price objective on the stock.
Shares of ASCL traded down GBX 7 ($0.09) during midday trading on Thursday, hitting GBX 377.60 ($4.93). The company’s stock had a trading volume of 259,151 shares, compared to its average volume of 1,060,000. Ascential has a one year low of GBX 335.60 ($4.39) and a one year high of GBX 435.80 ($5.69). The company’s fifty day simple moving average is GBX 379.52 and its two-hundred day simple moving average is GBX 368.06. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 57.98. The stock has a market capitalization of $1.52 billion and a price-to-earnings ratio of 7.49.
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.
Recommended Story: Stock Split
Receive News & Ratings for Ascential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascential and related companies with MarketBeat.com's FREE daily email newsletter.