Rating Worth Mentioning: What To Expect After Ascential Plc (LON:ASCL)’s Downgrade Rating From Peel Hunt? The Target Given is GBX 290.00

November 29, 2016 - By Peter Erickson

Ascential Plc (LON:ASCL) Downgrade

Ascential Plc (LON:ASCL)‘s rating was lowered by research professionals at Peel Hunt to a Add. They have a target price per share of GBX 290.00 on ASCL. Peel Hunt’s target price per share would suggest a potential upside of 4.77% from the stock’s previous close.

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 7.72% above today’s (GBX 273.3) stock price. Ascential Plc has been the topic of 19 analyst reports since March 21, 2016 according to StockzIntelligence Inc. The company was maintained on Monday, August 1 by Numis Securities. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 2. On Friday, May 20 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating given by Numis Securities on Thursday, August 25. Peel Hunt maintained Ascential PLC (LON:ASCL) rating on Monday, July 4. Peel Hunt has “Buy” rating and GBX 280 price target. The firm has “Add” rating given on Tuesday, November 29 by Peel Hunt. Numis Securities maintained it with “Buy” rating and GBX 280 target price in Thursday, July 28 report. The stock has “Buy” rating given by Deutsche Bank on Monday, May 16. Peel Hunt maintained the shares of ASCL in a report on Thursday, September 1 with “Buy” rating. As per Tuesday, September 6, the company rating was maintained by Deutsche Bank.

About 300,451 shares traded hands or 173.59% 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 1.10 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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