Ascential PLC (ASCL) Lifted to Add at Peel Hunt
Ascential PLC (LON:ASCL) was upgraded by stock analysts at Peel Hunt to an “add” rating in a research report issued on Friday. The firm currently has a GBX 360 ($4.73) target price on the stock, up from their prior target price of GBX 325 ($4.27). Peel Hunt’s price objective suggests a potential upside of 2.07% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Barclays PLC began coverage on Ascential PLC in a report on Tuesday, September 12th. They set an “underweight” rating and a GBX 330 ($4.34) price target on the stock. Citigroup Inc. increased their price target on Ascential PLC from GBX 375 ($4.93) to GBX 410 ($5.39) and gave the company a “buy” rating in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 398 ($5.23) price target on shares of Ascential PLC in a report on Tuesday, July 25th. Numis Securities Ltd increased their price target on Ascential PLC from GBX 375 ($4.93) to GBX 405 ($5.32) and gave the company a “buy” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 350 ($4.60) price target on shares of Ascential PLC in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 366.63 ($4.82).
Ascential PLC (LON ASCL) traded up 1.97% during mid-day trading on Friday, reaching GBX 352.70. The company’s stock had a trading volume of 1,889,846 shares. The firm’s market cap is GBX 1.41 billion. The company has a 50-day moving average price of GBX 360.12 and a 200-day moving average price of GBX 344.90. Ascential PLC has a 12-month low of GBX 255.20 and a 12-month high of GBX 392.00.
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About Ascential PLC
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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