Equities researchers at Citigroup Inc assumed coverage on shares of Ascential PLC (LON:ASCL) in a report issued on Thursday. The firm set a “buy” rating and a GBX 375 ($4.72) price target on the stock. Citigroup Inc’s target price suggests a potential upside of 17.08% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 290 ($3.65) target price on shares of Ascential PLC in a report on Wednesday, November 30th. Peel Hunt reiterated an “add” rating and issued a GBX 325 ($4.09) target price on shares of Ascential PLC in a report on Monday, February 27th. BNP Paribas reissued a “neutral” rating and issued a GBX 290 ($3.65) price target on shares of Ascential PLC in a research report on Wednesday, November 30th. Finally, Numis Securities Ltd increased their price target on shares of Ascential PLC from GBX 350 ($4.41) to GBX 375 ($4.72) and gave the stock a “buy” rating in a research report on Monday, February 27th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ascential PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 347.17 ($4.37).
Ascential PLC (LON:ASCL) traded up 0.41% during midday trading on Thursday, reaching GBX 320.30. 179,190 shares of the company’s stock traded hands. Ascential PLC has a 1-year low of GBX 200.30 and a 1-year high of GBX 326.50. The company’s market capitalization is GBX 1.28 billion. The firm’s 50 day moving average price is GBX 314.83 and its 200-day moving average price is GBX 292.48.
The business also recently declared a dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be given a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 1.08%. This is a positive change from Ascential PLC’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, May 18th.
In related news, insider Duncan Painter purchased 22,593 shares of Ascential PLC stock in a transaction dated Thursday, March 2nd. The stock was acquired at an average cost of GBX 305 ($3.84) per share, with a total value of £68,908.65 ($86,732.10).
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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