Ascential PLC (LON:ASCL) has earned an average rating of “Buy” from the six research firms that are covering the company. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 340.17 ($4.28).
ASCL has been the subject of several recent research reports. Peel Hunt lowered shares of Ascential PLC to an “add” rating and lifted their target price for the company from GBX 285 ($3.58) to GBX 290 ($3.64) in a report on Tuesday, November 29th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 350 ($4.40) target price on shares of Ascential PLC in a report on Tuesday, November 29th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 290 ($3.64) target price on shares of Ascential PLC in a report on Wednesday, November 30th. BNP Paribas reiterated a “neutral” rating and set a GBX 290 ($3.64) target price on shares of Ascential PLC in a report on Wednesday, November 30th. Finally, Goldman Sachs Group Inc upgraded shares of Ascential PLC to a “conviction-buy” rating and lifted their target price for the company from GBX 308 ($3.87) to GBX 356 ($4.47) in a report on Friday, January 13th.
In other news, insider Duncan Painter purchased 22,593 shares of Ascential PLC stock in a transaction that occurred on Thursday, March 2nd. The stock was bought at an average price of GBX 305 ($3.83) per share, with a total value of £68,908.65 ($86,601.29).
Shares of Ascential PLC (LON:ASCL) opened at 318.60 on Thursday. The firm’s 50 day moving average price is GBX 308.92 and its 200 day moving average price is GBX 286.62. Ascential PLC has a 52-week low of GBX 200.30 and a 52-week high of GBX 322.30. The stock’s market cap is GBX 1.28 billion.
The company also recently declared a dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 18th will be given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 1.08%. This is an increase from Ascential PLC’s previous dividend of $1.50.
About Ascential PLC
Ascential plc is an international business-to-business media company with a focus on essential products that connect and inform business professionals. The Company operates through two segments: Exhibitions & Festival, and Information Services. The Exhibitions & Festivals segment organizes exhibitions, congresses and festivals, where customers come together to form business relationships and transact.
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