November 30, 2016 - By Peter Erickson
Exane BNP Paribas currently has a GBX 290.00 price target on the 1.12B GBP market cap company or 4.79% upside potential. In analysts report revealed to clients on Wednesday morning, Ascential Plc (LON:ASCL) stock had its Neutral Rating reaffirmed by equity research analysts at Exane BNP Paribas.
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. The stock of Ascential PLC (LON:ASCL) earned “Buy” rating by Goldman Sachs on Monday, August 8. The firm has “Buy” rating by Peel Hunt given on Monday, July 4. The stock has “Buy” rating given by Peel Hunt on Thursday, September 1. On Tuesday, November 29 the stock rating was downgraded by Peel Hunt to “Add”. The firm has “Buy” rating given on Monday, May 16 by Deutsche Bank. The company was maintained on Friday, August 5 by Peel Hunt. BNP Paribas maintained it with “Neutral” rating and GBX 250 target price in Tuesday, August 2 report. The firm earned “Buy” rating on Wednesday, November 30 by Deutsche Bank. The company was maintained on Tuesday, September 6 by Deutsche Bank. The stock has “Buy” rating given by Deutsche Bank on Friday, August 26.
About 6,028 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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