Ratings Don’t Lie: Ascential (LON:ASCL) “Buy” Rating Reconfirmed at Deutsche; The PT is Set to GBX 290.00

November 30, 2016 - By Ellis Scott

Ascential (LON:ASCL) Rating

London: In analysts note revealed to clients and investors on Wednesday, 30 November, Deutsche restate their “Buy” rating on shares of Ascential (LON:ASCL). They currently have a GBX 290.00 PT on the company. Deutsche’s target would suggest a potential upside of 5.22% 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 302.40 average target is 8.78% above today’s (GBX 278) stock price. Ascential Plc has been the topic of 22 analyst reports since March 21, 2016 according to StockzIntelligence Inc. On Tuesday, November 29 the stock rating was maintained by Numis Securities with “Buy”. Deutsche Bank maintained Ascential PLC (LON:ASCL) rating on Tuesday, September 6. Deutsche Bank has “Buy” rating and GBX 290 price target. On Friday, August 26 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Buy” rating on Tuesday, August 2 by Deutsche Bank. The stock of Ascential PLC (LON:ASCL) earned “Buy” rating by Goldman Sachs on Monday, August 8. The stock of Ascential PLC (LON:ASCL) has “Buy” rating given on Thursday, July 28 by Numis Securities. Peel Hunt maintained Ascential PLC (LON:ASCL) on Monday, July 4 with “Buy” rating. The stock has “Buy” rating given by Deutsche Bank on Friday, May 20. Peel Hunt maintained Ascential PLC (LON:ASCL) on Thursday, September 1 with “Buy” rating. The firm has “Buy” rating given on Monday, May 16 by Deutsche Bank.

The stock increased 0.18% or GBX 0.5 on November 30, hitting GBX 278. About 29,430 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 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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