Ascential (LON:ASCL) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Ascential (LON:ASCL) in a research report report published on Monday morning, Digital Look reports.

Several other analysts have also recently commented on the company. Berenberg Bank reaffirmed a buy rating and issued a GBX 470 ($6.14) target price on shares of Ascential in a research report on Thursday, September 12th. Liberum Capital reaffirmed a hold rating on shares of Ascential in a research note on Friday, October 25th. Goldman Sachs Group upped their target price on Ascential from GBX 510 ($6.66) to GBX 568 ($7.42) and gave the company a conviction-buy rating in a report on Monday, October 28th. Barclays reduced their price target on shares of Ascential from GBX 410 ($5.36) to GBX 365 ($4.77) and set an equal weight rating for the company in a research report on Tuesday, November 5th. Finally, Peel Hunt restated a buy rating on shares of Ascential in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of GBX 462.30 ($6.04).

Shares of Ascential stock opened at GBX 330 ($4.31) on Monday. Ascential has a 12 month low of GBX 317.76 ($4.15) and a 12 month high of GBX 418 ($5.46). The stock’s fifty day moving average price is GBX 340.86 and its 200-day moving average price is GBX 366.24. The firm has a market cap of $1.33 billion and a P/E ratio of 6.55. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 57.98.

About Ascential

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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Analyst Recommendations for Ascential (LON:ASCL)

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