Deutsche Bank AG Reaffirms “Buy” Rating for Ascential PLC (ASCL)
Ascential PLC (LON:ASCL)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Wednesday.
A number of other brokerages have also recently commented on ASCL. Peel Hunt restated a “buy” rating and set a GBX 280 ($3.47) price objective on shares of Ascential PLC in a research note on Sunday, August 7th. Goldman Sachs Group Inc. boosted their price objective on Ascential PLC from GBX 278 ($3.45) to GBX 292 ($3.62) and gave the stock a “buy” rating in a research note on Monday, August 8th. Numis Securities Ltd restated a “buy” rating and set a GBX 350 ($4.34) price objective on shares of Ascential PLC in a research note on Thursday, August 25th. Finally, BNP Paribas boosted their price objective on Ascential PLC from GBX 235 ($2.92) to GBX 250 ($3.10) and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 294.40 ($3.65).
Shares of Ascential PLC (LON:ASCL) opened at 278.20 on Wednesday. The company has a 50 day moving average price of GBX 285.96 and a 200 day moving average price of GBX 262.09. Ascential PLC has a 12-month low of GBX 199.00 and a 12-month high of GBX 310.50. The stock’s market cap is GBX 608.70 million.
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Ascential PLC Company Profile
Ascential plc is a United Kingdom-based business-to-business media company with a focus on essential products that connect and inform business professionals. The Company operates through two segments: Exhibitions & Festival, and Information Services. Its Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact, with key products, including Cannes Lions, Spring/Autumn Fair, Money20/20 and Bett.
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