Ascential (LON:ASCL) Earns Buy Rating from Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Ascential (LON:ASCL) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued research reports about the company. Macquarie assumed coverage on Ascential in a research note on Friday, June 7th. They issued an outperform rating and a GBX 540 ($7.06) price target for the company. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.88) target price (up previously from GBX 440 ($5.75)) on shares of Ascential in a research note on Monday, July 22nd. Numis Securities reaffirmed a buy rating on shares of Ascential in a research note on Friday, June 14th. Morgan Stanley raised Ascential to an overweight rating and set a GBX 400 ($5.23) target price for the company in a research note on Friday, July 12th. Finally, Barclays reaffirmed an equal weight rating on shares of Ascential in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 468.33 ($6.12).

Shares of ASCL stock opened at GBX 367.60 ($4.80) on Tuesday. The stock has a market cap of $1.48 billion and a price-to-earnings ratio of 7.29. The stock has a 50-day moving average of GBX 371.58 and a 200-day moving average of GBX 368.68. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 57.98. Ascential has a 1-year low of GBX 335.60 ($4.39) and a 1-year high of GBX 439.80 ($5.75).

The firm also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be paid a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 0.45%. Ascential’s dividend payout ratio is currently 0.12%.

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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Analyst Recommendations for Ascential (LON:ASCL)

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