Peel Hunt Downgrades Ascential PLC (ASCL) to Add
Ascential PLC (LON:ASCL) was downgraded by equities research analysts at Peel Hunt to an “add” rating in a research note issued on Tuesday. They presently have a GBX 290 ($3.60) price target on the stock, up from their prior price target of GBX 285 ($3.54). Peel Hunt’s target price would indicate a potential upside of 4.96% from the company’s previous close.
A number of other analysts have also issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 290 ($3.60) price target on shares of Ascential PLC in a research note on Tuesday, September 6th. 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 reissued 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 302.40 ($3.75).
Ascential PLC (LON:ASCL) opened at 276.30 on Tuesday. The company’s market cap is GBX 604.54 million. Ascential PLC has a 52-week low of GBX 199.00 and a 52-week high of GBX 310.50. The stock’s 50 day moving average price is GBX 285.96 and its 200-day moving average price is GBX 262.09.
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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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