Ascential (LON:ASCL) Raised to “Overweight” at Morgan Stanley
Morgan Stanley upgraded shares of Ascential (LON:ASCL) to an overweight rating in a research report report published on Friday, LSE.Co.UK reports. They currently have GBX 400 ($5.23) price target on the stock.
Several other research firms also recently weighed in on ASCL. Peel Hunt reaffirmed a buy rating and issued a GBX 60 ($0.78) target price on shares of Renewi in a research report on Wednesday, July 3rd. Deutsche Bank lifted their target price on Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research report on Friday. Numis Securities reissued a buy rating and set a GBX 3,600 ($47.04) price objective on shares of in a research report on Friday, June 14th. Goldman Sachs Group reissued a buy rating on shares of WPP in a research report on Monday, June 3rd. Finally, Barclays downgraded to an underweight rating and set a GBX 4,400 ($57.49) price objective for the company. in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 466.11 ($6.09).
LON ASCL opened at GBX 375.60 ($4.91) on Friday. The firm has a market cap of $1.51 billion and a P/E ratio of 7.29. The company has a debt-to-equity ratio of 53.37, a quick ratio of 1.33 and a current ratio of 1.41. The firm has a 50-day moving average price of GBX 369.56. Ascential has a 1-year low of GBX 335.60 ($4.39) and a 1-year high of GBX 469 ($6.13).
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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