Newest Rating: Numis Maintains a “Buy” Rating on Ascential Plc (LON:ASCL) and GBX 350.00 Target

November 29, 2016 - By Darrin Black

Ascential Plc (LON:ASCL) Rating

In analysts note shared with investors and clients on Tuesday morning, Ascential Plc (LON:ASCL) stock had its “Buy” Rating kept by expert analysts at Numis. They currently have a GBX 350.00 PT on company. Numis’s target would indicate a potential upside of 27.92% from the company’s current 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 7.80% above today’s (GBX 273.1) stock price. Ascential Plc has been the topic of 19 analyst reports since March 21, 2016 according to StockzIntelligence Inc. Deutsche Bank maintained Ascential PLC (LON:ASCL) rating on Friday, August 26. Deutsche Bank has “Buy” rating and GBX 290 price target. The company was maintained on Monday, August 8 by Goldman Sachs. The stock of Ascential PLC (LON:ASCL) has “Buy” rating given on Thursday, September 1 by Peel Hunt. The stock of Ascential PLC (LON:ASCL) earned “Buy” rating by Numis Securities on Monday, August 1. The firm has “Neutral” rating given on Tuesday, August 2 by BNP Paribas. Peel Hunt maintained the shares of ASCL in a report on Friday, August 5 with “Buy” rating. On Monday, July 4 the stock rating was maintained by Peel Hunt with “Buy”. Numis Securities maintained the shares of ASCL in a report on Thursday, July 28 with “Buy” rating. Numis Securities maintained the stock with “Buy” rating in Thursday, August 25 report. Peel Hunt maintained the shares of ASCL in a report on Monday, August 1 with “Buy” rating.

About 303,621 shares traded hands or 176.48% 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 1.09 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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