Follow The Ratings: London: Ascential (LON:ASCL)’s Stock Had Its Buy Rating Restated at numis in Report Issued Today. Has GBX 350.00 Target

November 29, 2016 - By Darrin Black

Ascential (LON:ASCL) Rating

London: In analysts note issued to clients and investors on Tuesday morning, numis maintained their Buy rating on shares of Ascential (LON:ASCL). They currently have a GBX 350.00 target price per share on the company. numis’s target suggests a potential upside of 26.13% from the company’s stock close price.

Ascential PLC (LON:ASCL) Ratings Coverage

Out of 5 analysts covering Ascential Plc (LON:ASCL), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. GBX 350 is the highest target while GBX 250 is the lowest. The GBX 294.40 average target is 6.65% above today’s (GBX 276.04) stock price. Ascential Plc has been the topic of 19 analyst reports since March 21, 2016 according to StockzIntelligence Inc. Peel Hunt maintained Ascential PLC (LON:ASCL) rating on Friday, August 5. Peel Hunt has “Buy” rating and GBX 280 price target. Peel Hunt downgraded Ascential PLC (LON:ASCL) on Tuesday, November 29 to “Add” rating. As per Monday, May 16, the company rating was maintained by Deutsche Bank. The stock of Ascential PLC (LON:ASCL) earned “Neutral” rating by BNP Paribas on Tuesday, August 2. On Friday, August 26 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating given on Tuesday, May 3 by Goldman Sachs. Deutsche Bank maintained the shares of ASCL in a report on Friday, May 20 with “Buy” rating. The stock of Ascential PLC (LON:ASCL) has “Buy” rating given on Thursday, July 28 by Numis Securities. On Monday, August 1 the stock rating was maintained by Numis Securities with “Buy”. The company was maintained on Tuesday, September 6 by Deutsche Bank.

The stock decreased 0.45% or GBX 1.26 on November 29, hitting GBX 276.04. About 379,009 shares traded hands or 245.13% up from the average. Ascential PLC (LON:ASCL) has risen 22.70% since April 29, 2016 and is uptrending. It has outperformed by 17.44% the S&P500.

Ascential plc is an international business-to-business media firm with a focus on essential products that connect and inform business professionals. The company has a market cap of 1.11 billion GBP. The Firm operates through two divisions: Exhibitions & Festival, and Information Services. It currently has negative earnings. The Exhibitions & Festivals segment organizes exhibitions, congresses and festivals, where clients come together to form business relationships and transact.

More notable recent Ascential PLC (LON:ASCL) news were published by: Moodys.com which released: “Moody’s Assigns Ba3 CFR to Ascential Plc” on February 12, 2016, also Reuters.com with their article: “BRIEF-Ascential Plc intends to proceed with IPO” published on January 14, 2016, Moodys.com published: “Moody’s Withdraws Ascential’s Ratings” on April 22, 2016. More interesting news about Ascential PLC (LON:ASCL) were released by: Reuters.com and their article: “Fitch Upgrades Ascential to ‘BB-‘; Outlook Stable” published on February 29, 2016 as well as Theguardian.com‘s news article titled: “Guardian and Apax share £80m from Ascential flotation” with publication date: February 09, 2016.

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