Ascential (LON:ASCL) had its price objective cut by Barclays from GBX 395 ($5.20) to GBX 275 ($3.62) in a report published on Monday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
A number of other research firms have also weighed in on ASCL. Peel Hunt reaffirmed a buy rating on shares of Ascential in a research note on Thursday, March 12th. Berenberg Bank lowered Ascential to a hold rating and dropped their price objective for the stock from GBX 470 ($6.18) to GBX 300 ($3.95) in a research note on Tuesday, March 10th. Shore Capital reaffirmed a buy rating on shares of Ascential in a research note on Monday, February 24th. Deutsche Bank reaffirmed a buy rating on shares of Ascential in a research note on Tuesday, February 25th. Finally, HSBC lowered Ascential to a hold rating and dropped their price objective for the stock from GBX 460 ($6.05) to GBX 240 ($3.16) in a research note on Thursday, March 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Ascential currently has an average rating of Buy and an average target price of GBX 377.80 ($4.97).
LON ASCL opened at GBX 250.40 ($3.29) on Monday. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 131.79. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 58.15. The business has a 50-day moving average price of GBX 320.04 and a 200-day moving average price of GBX 355.26. Ascential has a twelve month low of GBX 195.70 ($2.57) and a twelve month high of GBX 426.40 ($5.61).
The company also recently announced a dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 14th will be given a GBX 4 ($0.05) dividend. This is an increase from Ascential’s previous dividend of $1.80. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, May 14th. Ascential’s payout ratio is currently 3.16%.
In other news, insider Duncan Painter bought 8,823 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of GBX 204 ($2.68) per share, for a total transaction of £17,998.92 ($23,676.56).
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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