Ascential PLC (ASCL) Given Average Recommendation of “Buy” by Brokerages

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Shares of Ascential PLC (LON:ASCL) have been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 471.25 ($6.16).

A number of equities analysts recently weighed in on ASCL shares. Shore Capital reiterated a “buy” rating on shares of Ascential in a research report on Thursday, March 28th. Peel Hunt reiterated a “buy” rating on shares of Ascential in a research report on Thursday, May 2nd. Berenberg Bank reiterated a “buy” rating on shares of Ascential in a research report on Friday, March 1st. Deutsche Bank decreased 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 research report on Monday, January 21st. Finally, Goldman Sachs Group decreased their price target on Ascential from GBX 527 ($6.89) to GBX 525 ($6.86) and set a “buy” rating for the company in a research report on Wednesday, April 24th.

ASCL stock traded down GBX 1.80 ($0.02) during trading hours on Friday, hitting GBX 382.20 ($4.99). 922,627 shares of the stock traded hands, compared to its average volume of 1,060,000. 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 one year low of GBX 335.60 ($4.39) and a one year high of GBX 469 ($6.13). The stock has a market capitalization of $1.53 billion and a P/E ratio of 7.42.

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

In other news, insider Duncan Painter purchased 43,000 shares of the business’s stock in a transaction dated Friday, March 29th. The stock was bought at an average cost of GBX 348 ($4.55) per share, with a total value of £149,640 ($195,531.16).

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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