Ascential (LON:ASCL) had its price objective raised by equities research analysts at Goldman Sachs Group from GBX 532 ($6.95) to GBX 545 ($7.12) in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price would suggest a potential upside of 34.77% from the company’s current price.
A number of other equities analysts have also recently commented on ASCL. Barclays cut their price target on shares of Ascential from GBX 445 ($5.81) to GBX 440 ($5.75) and set an “equal weight” rating for the company in a research note on Friday, September 28th. Berenberg Bank reissued a “hold” rating and issued a GBX 400 ($5.23) price target on shares of Ascential in a research note on Tuesday, October 2nd. Peel Hunt restated an “add” rating on shares of Ascential in a report on Monday, October 8th. Finally, Shore Capital upgraded shares of Ascential to a “buy” rating in a report on Tuesday, October 16th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 476.25 ($6.22).
ASCL stock opened at GBX 404.40 ($5.28) on Monday. Ascential has a one year low of GBX 303.70 ($3.97) and a one year high of GBX 421 ($5.50).
Ascential plc provides events and advisory services in the United Kingdom and internationally. The company's Exhibitions & Festivals segment organizes exhibitions, congresses, and festivals. Its Information Services segment provides intelligence, analysis, and forecasting tools; live events and awards; and subscription content, such as real-time online resources, as well as advisory services to the various industries, including fashion, retail, property, construction, and politics, as well as for media platforms.
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