Deutsche Bank AG Reaffirms “Buy” Rating for Ascential PLC (ASCL)
Ascential PLC (LON:ASCL)‘s stock had its “buy” rating restated by Deutsche Bank AG in a note issued to investors on Tuesday. They presently have a GBX 290 ($3.86) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 11.54% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 278 ($3.70) price target on shares of Ascential PLC in a report on Thursday, June 23rd. BNP Paribas reissued a “neutral” rating and issued a GBX 235 ($3.13) price target on shares of Ascential PLC in a report on Monday, June 27th. Peel Hunt reissued a “buy” rating and issued a GBX 280 ($3.73) price target on shares of Ascential PLC in a report on Thursday, September 1st. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 350 ($4.66) price target on shares of Ascential PLC in a report on Thursday, August 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 292.40 ($3.89).
Ascential PLC (LON:ASCL) remained flat at GBX 260.00 during midday trading on Tuesday. The stock had a trading volume of 266,140 shares. The firm’s 50-day moving average is GBX 255.49 and its 200-day moving average is GBX 243.76. The firm’s market capitalization is GBX 568.88 million. Ascential PLC has a 12 month low of GBX 199.00 and a 12 month high of GBX 280.60.
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The firm also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 6th.
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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