Goldman Sachs Group Reaffirms “Buy” Rating for Ascential (LON:ASCL)

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Ascential (LON:ASCL)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also commented on ASCL. Morgan Stanley upgraded shares of Ascential to an “overweight” rating and set a GBX 400 ($5.23) price objective on the stock in a report on Friday, July 12th. Deutsche Bank boosted their price objective on shares of Ascential from GBX 430 ($5.62) to GBX 440 ($5.75) and gave the stock a “buy” rating in a report on Wednesday, July 24th. Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($5.88) price objective (up previously from GBX 440 ($5.75)) on shares of Ascential in a report on Monday, July 22nd. Numis Securities reiterated a “buy” rating on shares of Ascential in a report on Friday, June 14th. Finally, Macquarie started coverage on shares of Ascential in a report on Friday, June 7th. They issued an “outperform” rating and a GBX 540 ($7.06) price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Ascential presently has an average rating of “Buy” and a consensus price target of GBX 468.33 ($6.12).

Shares of ASCL stock opened at GBX 356.60 ($4.66) on Tuesday. Ascential has a 12 month low of GBX 335.60 ($4.39) and a 12 month high of GBX 439.80 ($5.75). The company has a debt-to-equity ratio of 57.98, a current ratio of 1.25 and a quick ratio of 1.23. The firm has a market cap of $1.44 billion and a price-to-earnings ratio of 7.08. The business has a fifty day moving average price of GBX 371.33.

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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