Insider Buying: Ascential PLC (LON:ASCL) Insider Purchases 43,000 Shares of Stock

Ascential PLC (LON:ASCL) insider Duncan Painter purchased 43,000 shares of the stock in a transaction dated Friday, March 29th. The shares were acquired at an average price of GBX 348 ($4.55) per share, with a total value of £149,640 ($195,531.16).

ASCL traded up GBX 5.20 ($0.07) during trading on Wednesday, reaching GBX 357 ($4.66). The company had a trading volume of 1,523,632 shares, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 53.37, a quick ratio of 1.33 and a current ratio of 1.41. Ascential PLC has a 12 month low of GBX 335.60 ($4.39) and a 12 month high of GBX 469 ($6.13). The firm has a market cap of $1.43 billion and a P/E ratio of 6.93.

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

A number of brokerages recently issued reports on ASCL. Peel Hunt restated a “buy” rating on shares of Ascential in a report on Monday, April 1st. Goldman Sachs Group decreased their price objective on shares of Ascential from GBX 527 ($6.89) to GBX 525 ($6.86) and set a “buy” rating for the company in a report on Wednesday. Berenberg Bank raised shares of Ascential to a “buy” rating and lifted their price target for the company from GBX 400 ($5.23) to GBX 470 ($6.14) in a research note on Thursday, January 3rd. Numis Securities reaffirmed a “buy” rating and issued a GBX 570 ($7.45) price target on shares of Ascential in a research note on Monday, February 25th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Ascential in a research note on Monday, February 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 460.71 ($6.02).

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Ascential Company Profile

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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