November 30, 2016 - By Clifton Ray
In a note issued to clients and investors on Wednesday morning, Ascential Plc (LON:ASCL) stock Buy was reaffirmed at Numis. They currently have a GBX 350.00 target on the stock. Numis’s target means a potential upside of 26.15% from the company’s stock close price.
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 302.40 average target is 9.80% above today’s (GBX 275.4) stock price. Ascential Plc has been the topic of 22 analyst reports since March 21, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, November 30 by BNP Paribas. On Friday, August 26 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 2. The firm has “Buy” rating given on Thursday, September 1 by Peel Hunt. On Thursday, July 28 the stock rating was maintained by Numis Securities with “Buy”. Peel Hunt maintained it with “Buy” rating and GBX 280 target price in Monday, August 1 report. Numis Securities maintained it with “Buy” rating and GBX 330 target price in Monday, August 1 report. The stock of Ascential PLC (LON:ASCL) earned “Buy” rating by Deutsche Bank on Monday, May 16. The company was maintained on Wednesday, November 30 by Deutsche Bank. Goldman Sachs maintained it with “Buy” rating and GBX 292 target price in Monday, August 8 report.
About 8,315 shares traded hands. Ascential PLC (LON:ASCL) has risen 22.79% since May 2, 2016 and is uptrending. It has outperformed by 17.56% 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 important 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 published article titled: “BRIEF-Ascential Plc intends to proceed with IPO”, Moodys.com published: “Moody’s Withdraws Ascential’s Ratings” on April 22, 2016. More interesting news about Ascential PLC (LON:ASCL) was released by: Reuters.com and their article: “Fitch Upgrades Ascential to ‘BB-‘; Outlook Stable” with publication date: February 29, 2016.
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By Clifton Ray