Ascential PLC (ASCL) Earns Buy Rating from Shore Capital

Ascential PLC (LON:ASCL)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a note issued to investors on Wednesday, April 19th.

Other equities research analysts also recently issued research reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 290 ($3.74) price objective on shares of Ascential PLC in a research report on Friday, January 6th. Goldman Sachs Group Inc upgraded Ascential PLC to a “conviction-buy” rating and boosted their price target for the stock from GBX 308 ($3.98) to GBX 356 ($4.60) in a research note on Friday, January 13th. Deutsche Bank AG reissued a “buy” rating on shares of Ascential PLC in a report on Friday, January 6th. BNP Paribas reissued a “neutral” rating and issued a GBX 280 ($3.61) price objective on shares of Ascential PLC in a report on Monday, January 16th. Finally, Citigroup Inc initiated coverage on shares of Ascential PLC in a research note on Thursday, March 23rd. They set a “buy” rating and a GBX 375 ($4.84) target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ascential PLC has a consensus rating of “Buy” and an average price target of GBX 354.71 ($4.58).

Analyst Recommendations for Ascential PLC (LON:ASCL)

Shares of Ascential PLC (LON:ASCL) traded up 0.71% during mid-day trading on Wednesday, reaching GBX 339.40. The company had a trading volume of 2,433,750 shares. The company’s market capitalization is GBX 1.36 billion. Ascential PLC has a 1-year low of GBX 200.30 and a 1-year high of GBX 357.90. The stock’s 50-day moving average price is GBX 330.86 and its 200 day moving average price is GBX 299.98.

The company also recently disclosed a dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend is Thursday, May 18th. This is a boost from Ascential PLC’s previous dividend of $1.50. This represents a dividend yield of 1.08%.

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In related news, insider Duncan Painter bought 22,593 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was acquired at an average cost of GBX 305 ($3.94) per share, for a total transaction of £68,908.65 ($88,948.82).

About Ascential PLC

Ascential plc is an international business-to-business media company. The Company is focused on essential products that connect and inform business professionals. It operates through two segments: Exhibitions & Festivals, and Information Services. The Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact.

12 Month Chart for LON:ASCL

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