Ascential’s (LON:ASCL) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Ascential (LON:ASCL) in a report published on Monday, February 26th.

A number of other research analysts have also weighed in on the company. Goldman Sachs Group lowered Ascential to a neutral rating and set a GBX 390 ($5.39) price target on the stock. in a research note on Friday, November 10th. Peel Hunt reissued an add rating and set a GBX 360 ($4.97) price target on shares of Ascential in a research note on Wednesday, December 27th. Numis Securities increased their price target on Ascential from GBX 405 ($5.60) to GBX 455 ($6.29) and gave the stock a buy rating in a research note on Monday, February 26th. reissued a buy rating and set a GBX 405 ($5.60) price target on shares of Ascential in a research note on Tuesday, November 14th. Finally, Barclays upped their price objective on Ascential from GBX 315 ($4.35) to GBX 325 ($4.49) and gave the stock an underweight rating in a report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 420.56 ($5.81).

Shares of Ascential (LON:ASCL) traded up GBX 11 ($0.15) during trading on Monday, hitting GBX 415 ($5.73). The company’s stock had a trading volume of 2,809,280 shares, compared to its average volume of 976,848. Ascential has a one year low of GBX 303.70 ($4.20) and a one year high of GBX 419 ($5.79). The stock has a market cap of $1,620.00 and a price-to-earnings ratio of 8,300.00.

The company also recently disclosed a dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 17th will be issued a dividend of GBX 3.80 ($0.05) per share. This represents a dividend yield of 0.95%. This is an increase from Ascential’s previous dividend of $1.80. The ex-dividend date is Thursday, May 17th.

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About Ascential

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.

Analyst Recommendations for Ascential (LON:ASCL)

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