Ascential PLC (ASCL) Coverage Initiated by Analysts at Citigroup Inc

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).

Analyst Recommendations for Ascential PLC (LON:ASCL)

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.

WARNING: “Ascential PLC (ASCL) Coverage Initiated by Analysts at Citigroup Inc” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/04/20/ascential-plc-ascl-now-covered-by-analysts-at-citigroup-inc-updated-updated.html.

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.

Receive News & Ratings for Ascential PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascential PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply