Ascential PLC (ASCL) Receives GBX 466 Consensus Price Target from Brokerages

Ascential PLC (LON:ASCL) has earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 466 ($6.09).

Several research firms have commented on ASCL. Peel Hunt reaffirmed a “buy” rating and issued a GBX 440 ($5.75) target price (down from GBX 460 ($6.01)) on shares of Ascential in a research note on Wednesday, March 13th. Berenberg Bank reissued a “buy” rating on shares of Ascential in a research note on Friday, March 1st. Goldman Sachs Group lowered their price objective on shares of Ascential from GBX 545 ($7.12) to GBX 530 ($6.93) and set a “buy” rating for the company in a research note on Tuesday, February 26th. Deutsche Bank reissued a “buy” rating on shares of Ascential in a research note on Tuesday, February 26th. Finally, Numis Securities reissued a “buy” rating and set a GBX 570 ($7.45) price objective on shares of Ascential in a research note on Monday, February 25th.

Shares of Ascential stock opened at GBX 347 ($4.53) on Thursday. The company has a debt-to-equity ratio of 53.37, a current ratio of 1.41 and a quick ratio of 1.39. Ascential has a 1 year low of GBX 336.40 ($4.40) and a 1 year high of GBX 469 ($6.13). The company has a market cap of $1.39 billion and a P/E ratio of 6.74.

The business also recently announced a dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 16th will be paid a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, May 16th. This is a positive change from Ascential’s previous dividend of $1.90. Ascential’s dividend payout ratio is 0.12%.

About Ascential

Ascential plc provides events and advisory services in the United Kingdom and internationally. The company's Exhibitions & Festivals segment organizes exhibitions, congresses, and festivals. Its Information Services segment provides intelligence, analysis, and forecasting tools; live events and awards; and subscription content, such as real-time online resources, as well as advisory services to the various industries, including fashion, retail, property, construction, and politics, as well as for media platforms.

Featured Story: What is a stock buyback?

Analyst Recommendations for Ascential (LON:ASCL)

Receive News & Ratings for Ascential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascential and related companies with MarketBeat.com's FREE daily email newsletter.