Ascential (LON:ASCL) Price Target Increased to GBX 568 by Analysts at Berenberg Bank

Ascential (LON:ASCL) had its price objective lifted by Berenberg Bank from GBX 395 ($5.11) to GBX 568 ($7.35) in a report issued on Thursday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 433 ($5.60) price objective on shares of Ascential in a research note on Tuesday, June 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of GBX 428.67 ($5.54).

Ascential Stock Performance

Shares of ASCL opened at GBX 568 ($7.35) on Thursday. The company has a quick ratio of 0.92, a current ratio of 2.08 and a debt-to-equity ratio of 76.89. The business has a 50-day simple moving average of GBX 357.33 and a two-hundred day simple moving average of GBX 323.48. The stock has a market cap of £1.16 billion, a price-to-earnings ratio of 28,400.00, a PEG ratio of 1.06 and a beta of 1.10. Ascential has a 52 week low of GBX 312.50 ($4.04) and a 52 week high of GBX 568 ($7.35).

Ascential Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a dividend of GBX 128.60 ($1.66) per share. The ex-dividend date was Monday, May 20th. This is a positive change from Ascential’s previous dividend of $4.00. Ascential’s dividend payout ratio is presently 30,000.00%.

About Ascential

Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, China, rest of the Asia Pacific, the Middle East, Africa, and Latin America. The company operates in two segments, Marketing and Financial Technology.