Deutsche Bank Reaffirms “Buy” Rating for Ascential (LON:ASCL)

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Ascential (LON:ASCL)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a report released on Monday, Digital Look reports. They presently have a GBX 430 ($5.62) target price on the stock. Deutsche Bank’s target price points to a potential upside of 17.23% from the stock’s current price.

ASCL has been the topic of several other reports. Shore Capital reaffirmed a “buy” rating on shares of Ascential in a research report on Friday, June 14th. Numis Securities reaffirmed a “buy” rating on shares of Ascential in a research report on Friday, June 14th. Macquarie initiated coverage on Ascential in a research report on Friday, June 7th. They issued an “outperform” rating and a GBX 540 ($7.06) target price on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Ascential in a research report on Friday, June 14th. Finally, Goldman Sachs Group dropped their target price on Ascential from GBX 525 ($6.86) to GBX 510 ($6.66) and set a “buy” rating on the stock in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 471.88 ($6.17).

Shares of Ascential stock opened at GBX 366.80 ($4.79) on Monday. The stock has a market capitalization of $1.47 billion and a P/E ratio of 7.12. The company has a debt-to-equity ratio of 53.37, a current ratio of 1.41 and a quick ratio of 1.33. Ascential has a 1 year low of GBX 335.60 ($4.39) and a 1 year high of GBX 469 ($6.13).

In other news, insider Duncan Painter bought 43,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were 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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