Ascential (LON:ASCL) was downgraded by equities researchers at HSBC to a “hold” rating in a research note issued on Thursday, Stock Target Advisor reports. They currently have a GBX 240 ($3.16) price objective on the stock, down from their previous price objective of GBX 460 ($6.05). HSBC’s target price would indicate a potential upside of 7.53% from the stock’s current price.

ASCL has been the subject of a number of other research reports. Shore Capital reissued a “buy” rating on shares of Ascential in a report on Monday, February 24th. Citigroup reissued a “neutral” rating on shares of Ascential in a report on Friday, March 6th. Berenberg Bank lowered shares of Ascential to a “hold” rating and dropped their price objective for the company from GBX 470 ($6.18) to GBX 300 ($3.95) in a report on Tuesday, March 10th. Deutsche Bank reissued a “buy” rating on shares of Ascential in a report on Tuesday, February 25th. Finally, Goldman Sachs Group dropped their price objective on shares of Ascential from GBX 569 ($7.48) to GBX 373 ($4.91) and set a “buy” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 398.80 ($5.25).

Shares of ASCL traded down GBX 0.80 ($0.01) during mid-day trading on Thursday, reaching GBX 223.20 ($2.94). The stock had a trading volume of 1,500,154 shares, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 58.15, a current ratio of 0.98 and a quick ratio of 0.97. Ascential has a 52-week low of GBX 256.20 ($3.37) and a 52-week high of GBX 426.40 ($5.61). The business’s fifty day moving average is GBX 334.32 and its 200 day moving average is GBX 359.15. The firm has a market cap of $939.77 million and a price-to-earnings ratio of 117.47.

In related news, insider Duncan Painter bought 8,823 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of GBX 204 ($2.68) per share, with a total value of £17,998.92 ($23,676.56).

Ascential Company Profile

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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Analyst Recommendations for Ascential (LON:ASCL)

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