Ascential (LON:ASCL) PT Lowered to GBX 365 at Barclays
Ascential (LON:ASCL) had its price target cut by Barclays from GBX 410 ($5.36) to GBX 365 ($4.77) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have an equal weight rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Goldman Sachs Group boosted their target price on shares of Ascential from GBX 510 ($6.66) to GBX 568 ($7.42) and gave the stock a conviction-buy rating in a research note on Monday, October 28th. Liberum Capital reaffirmed a hold rating on shares of Ascential in a research note on Friday, October 25th. Morgan Stanley raised shares of Ascential to an overweight rating and set a GBX 400 ($5.23) price target for the company in a research note on Friday, July 12th. Peel Hunt reissued a buy rating on shares of Ascential in a research note on Friday, October 25th. Finally, Berenberg Bank reissued a buy rating and set a GBX 470 ($6.14) price target on shares of Ascential in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Ascential currently has a consensus rating of Buy and a consensus target price of GBX 462.30 ($6.04).
Shares of LON ASCL opened at GBX 339.40 ($4.43) on Tuesday. Ascential has a 1-year low of GBX 331.20 ($4.33) and a 1-year high of GBX 418 ($5.46). The company has a market cap of $1.34 billion and a PE ratio of 6.73. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 57.98. The company has a 50-day moving average of GBX 360.90 and a two-hundred day moving average of GBX 369.34.
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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