Ascential (LON:ASCL) Stock Crosses Above 50 Day Moving Average of $453.12

Ascential plc (LON:ASCL)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 453.12 ($5.89) and traded as high as GBX 573.50 ($7.45). Ascential shares last traded at GBX 572 ($7.43), with a volume of 196,916 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 433 ($5.63) price objective on shares of Ascential in a report on Tuesday, June 18th. Berenberg Bank raised their target price on shares of Ascential from GBX 395 ($5.13) to GBX 568 ($7.38) and gave the stock a “hold” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ascential has an average rating of “Moderate Buy” and a consensus price target of GBX 428.67 ($5.57).

Ascential Stock Down 0.3 %

The firm has a 50-day moving average of GBX 453.12 and a 200 day moving average of GBX 361.62. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 4.25. The stock has a market capitalization of £1.15 billion, a price-to-earnings ratio of 4,766.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

Ascential Company Profile

Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, China, rest of the Asia Pacific, the Middle East, Africa, and Latin America. The company operates in two segments, Marketing and Financial Technology.