Rating to Follow: Ascential Plc (LON:ASCL) “Buy” Rating Reiterated at Deutsche Bank

November 30, 2016 - By Ellis Scott

Ascential Plc (LON:ASCL) Rating

The stock rating of Ascential Plc (LON:ASCL) was reconfirmed by research analysts at Deutsche Bank. This was disclosed in analysts note on Wednesday, 30 November.

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 302.40 average target is 8.89% above today’s (GBX 277.7) stock price. Ascential Plc has been the topic of 22 analyst reports since March 21, 2016 according to StockzIntelligence Inc. As per Wednesday, November 30, the company rating was maintained by BNP Paribas. The stock of Ascential PLC (LON:ASCL) earned “Buy” rating by Numis Securities on Thursday, August 25. The rating was downgraded by Peel Hunt on Tuesday, November 29 to “Add”. The stock has “Buy” rating given by Numis Securities on Thursday, July 28. The stock has “Buy” rating given by Peel Hunt on Monday, July 4. The firm has “Buy” rating by Deutsche Bank given on Monday, May 16. Numis Securities maintained it with “Buy” rating and GBX 350 target price in Tuesday, November 29 report. Deutsche Bank maintained Ascential PLC (LON:ASCL) on Wednesday, November 30 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 20 report. The company was maintained on Tuesday, September 6 by Deutsche Bank.

About 5,627 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 1.12 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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