Ascential (LON:ASCL) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their buy rating on shares of Ascential (LON:ASCL) in a research report sent to investors on Thursday, March 28th, ThisIsMoney.Co.Uk reports.

ASCL has been the subject of several other reports. Peel Hunt lowered their price target on Ascential from GBX 485 ($6.34) to GBX 460 ($6.01) and set a buy rating for the company in a report on Monday, February 25th. Berenberg Bank reiterated a buy rating on shares of Ascential in a report on Friday, March 1st. Deutsche Bank lowered their price target on Ascential from GBX 460 ($6.01) to GBX 430 ($5.62) and set a buy rating for the company in a report on Monday, January 21st. Barclays reissued an equal weight rating and issued a GBX 370 ($4.83) price objective on shares of Ascential in a research report on Thursday, December 6th. Finally, Morgan Stanley decreased their price objective on shares of Ascential from GBX 430 ($5.62) to GBX 420 ($5.49) and set an equal weight rating for the company in a research report on Tuesday, January 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ascential currently has a consensus rating of Buy and a consensus price target of GBX 461.43 ($6.03).

Shares of Ascential stock traded down GBX 0.60 ($0.01) during trading hours on Thursday, reaching GBX 354.40 ($4.63). 403,682 shares of the company’s stock were exchanged, compared to its average volume of 1,060,000. The firm has a market cap of $1.42 billion and a PE ratio of 6.88. The company has a quick ratio of 1.33, a current ratio of 1.41 and a debt-to-equity ratio of 53.37. Ascential has a 52-week low of GBX 335.60 ($4.39) and a 52-week high of GBX 469 ($6.13).

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

In other news, insider Duncan Painter purchased 43,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were bought at an average price of GBX 348 ($4.55) per share, for a total transaction of £149,640 ($195,531.16).

About Ascential

Ascential plc provides business-to-business information services for product design, marketing, sales, and built environment and policy in the United Kingdom and internationally. It offers industry-specific business intelligence, insights, and forecasting through data and digital subscription tools. The company was formerly known as Trident Floatco PLC and changed its name to Ascential plc in January 2016.

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Analyst Recommendations for Ascential (LON:ASCL)

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