Ascential (LON:ASCL) had its price objective upped by Barclays from GBX 315 ($4.27) to GBX 325 ($4.41) in a research report issued to clients and investors on Monday. The firm presently has an “underweight” rating on the stock. Barclays’ target price indicates a potential downside of 13.29% from the company’s previous close.
A number of other brokerages have also weighed in on ASCL. Peel Hunt lowered shares of Ascential to a “hold” rating and raised their price target for the company from GBX 360 ($4.88) to GBX 375 ($5.09) in a research note on Wednesday, January 17th. Shore Capital reaffirmed a “buy” rating on shares of Ascential in a research note on Wednesday, January 17th. Goldman Sachs Group lowered shares of Ascential to a “neutral” rating and set a GBX 390 ($5.29) price target on the stock. in a research note on Friday, November 10th. Numis Securities reaffirmed a “buy” rating and issued a GBX 405 ($5.49) price target on shares of Ascential in a research note on Tuesday, November 14th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 350 ($4.75) price target on shares of Ascential in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 382.50 ($5.19).
Shares of Ascential (LON:ASCL) opened at GBX 374.80 ($5.08) on Monday. Ascential has a 12 month low of GBX 282.20 ($3.83) and a 12 month high of GBX 400.20 ($5.43). The stock has a market cap of $1,470.00 and a PE ratio of 4,164.44.
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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