Deutsche Bank Reaffirms “Hold” Rating for Ascential (ASCL)

Ascential (LON:ASCL)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They presently have a GBX 350 ($4.69) price target on the stock. Deutsche Bank’s price objective points to a potential downside of 0.93% from the company’s current price.

Several other brokerages also recently weighed in on ASCL. Peel Hunt downgraded shares of Ascential to a “hold” rating in a research report on Monday, September 4th. Barclays assumed coverage on shares of Ascential in a research report on Tuesday, September 12th. They set an “underweight” rating and a GBX 330 ($4.42) price target for the company. Shore Capital reissued a “buy” rating on shares of Ascential in a research report on Thursday, November 9th. Goldman Sachs Group downgraded shares of Ascential to a “neutral” rating and set a GBX 390 ($5.22) price target for the company. in a research report on Friday, November 10th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 405 ($5.42) target price on shares of Ascential in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Ascential presently has an average rating of “Buy” and an average price target of GBX 370 ($4.96).

Ascential (ASCL) opened at GBX 353.30 ($4.73) on Monday. Ascential has a one year low of GBX 255.20 ($3.42) and a one year high of GBX 392 ($5.25).

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Ascential Company Profile

Ascential plc is an international business-to-business media company. The Company is focused on essential products that connect and inform business professionals. It operates through two segments: Exhibitions & Festivals, and Information Services. The Exhibitions & Festivals segment organizes large-scale exhibitions, congresses and festivals, where customers come together to form business relationships and transact.

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